Why Kroger Stock Will Shake Off a Bad Trading Day
Kroger (NYSE: KR), like many stocks, plummeted in Monday trading as investors faced a massive oil-price war and coronavirus-driven sell-off. These fears have led to a run on store shelves. So strong were the sales in hand sanitizer that the company made the decision to ration that product.
However, despite the panic buying that currently drives store traffic, Kroger, like other consumer staples stocks, sold off amid the fear.
Still, grocers do not typically see a big or permanent drop in business amid panics. Moreover, Kroger offers advantages that may make it a more appealing stock investment than other large grocers.
Source Fool.com
