GO
Loading...

Trade Update: The Kroger Co. & Supervalu

Friday, 1 Jun 2007 | 9:03 PM ET
Trade Update
Trade Update

On May 22, Jeff Macke reiterated his bullishness on the grocers. He recommended buying Supervalu (SVU) and Kroger (KR) on the dip.

Now, after Wal-Mart (WMT) announced it would curb growth in the U.S., shares of the grocers surged. Jeff said Wal-Mart has always been a credible threat to the low-margin grocers especially, and for the world’s largest retailer to say it’s going to back off is great news for them.

And last Friday, Jeff also recommended Coldwater Creek (CWTR), saying “the excitement level is picking up” for the specialty retailer. He repeated his call on Tuesday, saying he thought CWTR would still going higher.

Sure enough, the stock exploded on earnings and is up 21% over the past seven days. With such an incredible run, Jeff now says it’s time to take some profits off the table. He still loves Coldwater long term and would continue to buy on the dips.

  Price   Change %Change
CWTR
---
KR
---
SVU
---
WMT
---


Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On June 1, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:Najarian Owns (MU), (BTU), (AAPL),(KR), (SWY) Macke Owns (SWY) Finerman Owns (AAPL), (CAT), (HOV) Finerman's Firm Owns (DJ), (TOL), (USG), (WMT), (BJ); S&P Puts, Finerman's Firm & Finerman Own (TYC), (HD), (FLS); CNBC Is A Service Of NBC Universal And Dow Jones

  Price   Change %Change
CWTR
---
WMT
---
KR
---
SVU
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report