Diamonds and Dogs

9/13/18

Apple (AAPL) riding high again. Apple is rebounding 3% following the unveiling of a trio of new iPhones -- iPhone Xs ($999), iPhone Xs Max ($1099), and iPhone Xr ($749). Apple also released their new watch, the Series 4. The new watch features three new heart rate features. The next six months should be pretty good for Apple. An analyst at Needham upgraded the stock with a $260 price target.

Kroger (KG) struggling to compete against Amazon. The largest U.S. supermarket operator is down 10% stuck in a trading range following earnings. Kroger actually beat earnings estimates as sales rose 1% to $27.87 billion. The company also reaffirmed guidance; however investors seem concerned that the adjustment to product assortments, rearranging store layouts and highlighting private-label brands on its shelves could lead some customers to shop for their groceries elsewhere.

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