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One Stock to Watch for Wednesday, September 9

September 8, 2020 by Michael Whitman

The Kroger Co. (NYSE: KR)

The Kroger Co. (NYSE: KR) is, by revenue, the largest supermarket chain in the United States. It operates supermarkets, drug stores, multi-department stores, jewelry stores and convenience stores.

In addition, the company engages in the manufacture and processing of some of the food it sells in its supermarkets.

The ongoing Covid-19 pandemic has triggered an increase in demand for groceries, and Kroger is well positioned to provide investors with high upside as a result of this demand growth.

Kroger’s share price has risen 26% so far in 2020 and given the company’s position as the largest supermarket chain in the U.S., this is a potential high-upside play on continued high demand for groceries in the months ahead.

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