The PreMarket Prep Show contains a number of crucial components that no other financial medium even remotely understands.
Interpreting order flow and price movement in pre-market and post-market trading is one of them.
The premarket price movement for Kroger Co. KR was discussed during Friday's broadcast as a prime example of this original content. It is the PreMarket Prep Stock of the Day as a result.
The PreMarket Prep Show contains a number of crucial components that no other financial medium even remotely understands.
Before the Q2 report, Kroger displays resistance: There has been a seller or group of sellers in the $50 range within the past month.
Three consecutive highs in this area ($50.18-$50.34) in mid-August served as proof of this.
Additionally, early on Thursday, Kroger reached a high of $50.14 before falling to conclude the session at $48.36 (closer to the low), a net move of $1.46 or 2.0 decline. 9% is appropriate.
The S&P 500 Cash Index, in contrast, increased 0.07% to close close to the session high.
Before the store opened on Friday, Kroger released its second quarter earnings, exceeding analysts' consensus estimates by 16.88% to announce quarterly earnings of 90 cents per share.
Revenue for the quarter was $34.6 billion, exceeding the $34.25 billion consensus forecast of analysts by 1.02%.