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.