Canada markets closed
  • S&P/TSX

    20,758.34
    +17.90 (+0.09%)
     
  • S&P 500

    4,136.48
    -43.28 (-1.04%)
     
  • DOW

    33,926.01
    -127.93 (-0.38%)
     
  • CAD/USD

    0.7461
    -0.0050 (-0.66%)
     
  • CRUDE OIL

    73.23
    -2.65 (-3.49%)
     
  • BTC-CAD

    31,571.37
    -155.72 (-0.49%)
     
  • CMC Crypto 200

    535.42
    -1.43 (-0.27%)
     
  • GOLD FUTURES

    1,877.70
    -53.10 (-2.75%)
     
  • RUSSELL 2000

    1,985.53
    -15.69 (-0.78%)
     
  • 10-Yr Bond

    3.5320
    +0.1360 (+4.00%)
     
  • NASDAQ

    12,006.96
    -193.86 (-1.59%)
     
  • VOLATILITY

    18.33
    -0.40 (-2.14%)
     
  • FTSE

    7,901.80
    +81.64 (+1.04%)
     
  • NIKKEI 225

    27,509.46
    +107.41 (+0.39%)
     
  • CAD/EUR

    0.6908
    +0.0026 (+0.38%)
     

Kroger stock rises on Albertsons deal optimism

Yahoo Finance Live’s Brian Sozzi discusses the rise in stock for Kroger on Albertsons deal optimism.

Video Transcript

[AUDIO LOGO]

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.

[MUSIC PLAYING]