Yahoo Finance Live’s Brian Sozzi discusses the rise in stock for Kroger on Albertsons deal optimism.
BRIAN SOZZI: All right, before we head to break, let's toss up shares of Kroger on the board. Shares of the grocer up 2% year-to-date, versus a 15% drop for the S&P 500. Mostly on optimism that the big deal for rival Albertsons closes.
But Jefferies analyst Rob Dickerson is striking a cautious tone of the company after meeting with top executives. Dickerson says, he is concerned about slowing sales and weak profit margins from gas operations. He's also concerned about increasing store traffic weakness due to rising competition.