Diamonds and Dogs

11/30/17

Value stocks fight back. Grocer, Kroger (KR) is up 12% to a five month high following better than expected earnings. The company beat by 4 cents on in-line sales and reaffirmed 2018 guidance while also looking better than expected fourth quarter comps. Chief Executive Rodney McMullen said the company had its best ever Black Friday, led by record sales at Fred Meyer.

Juniper (JNPR) is in play. The networking company is down 3% after initially rallying on takeover rumors. The rumor was Nokia was preparing an offer for Juniper, a rival of Cisco Systems, but Nokia said they are not currently in talks with, nor are they preparing an offer for, Juniper Networks related to an acquisition of the whole company. Nokia and Juniper have a U.S. marketing partnership. Speculation that Nokia would buy Juniper first surfaced in 2014, but Nokia backed away from making an offer.

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