Diamonds and Dogs

3/6/25

Kroger (KR) jumps on earnings report. The regional grocer is up 2% back toward the highs for the year even as the outlook is tepid. Earnings beat by 3 cents as sales actually fell 7% to $34.31 billion. The company did provide downside guidance or conservative guidance due to factors outside their control. This follows comments from Target telling consumers to expect higher prices in the future.

Chips taking a hit following Marvell's (MRVL) earnings.  Marvell, which makes semiconductors for data centers, is down 17% even as they beat estimates by a penny while sales rose 27% to $18.2 billion. Part of the concern is due to a recent deal with Amazon did little to boost guidance going forward. The chip sector is down over 3% with Nvidia down 3% as well.