Jim Cramer on Kroger: "It's a Much Liked Story"

The Kroger Co. (NYSE:KR) is one of the stocks in focus in Jim Cramer’s game plan for this week. Cramer had a positive forecast for the company’s earnings, as he stated:

“On Thursday, we hear from Kroger, the supermarket giant, and it’s a much liked story in part because it’s been able to hold prices down for the consumer. I’m more keen on Costco and Walmart, as you probably know, but Kroger’s been known to rally on good numbers, and I think it can deliver again this time around.”

The Kroger Co. (NYSE:KR) is a retail company that provides groceries, pharmaceuticals, general merchandise, and fuel. In addition, the company manufactures and processes food products for sale under its own operations. Cramer mentioned the stock in a June episode and said:

“Alright, I’ll tell you Kroger stock is rolling over… That’s the problem. It’s just rolling over, and when I see a stock rolling over at 13 times earnings, I say to myself, okay, let it come down. Buy a little, buy a little, and then wait for the next level. Do not buy all at once. It could be a bad sign that this stock is having such a hard time at this particular moment, and it sure is. 73 down to 64. How about [we] wait till it goes to 60? Then we see whether the chart’s a little better right there.”

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Disclosure: None. This article is originally published at Insider Monkey.