On today’s episode of Free Lunch, Associate Stock Strategist Ryan McQueeney gives investors everything they need to know about the latest earnings report from Micron (MU ) and Kroger (KR ) . He recaps the grocery giant’s results first, and later in the show, he is joined by Zacks Strategist Dave Bartosiak to take a closer look at Micron.
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Free Lunch is the newest show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Kroger reported better-than-expected earnings and revenue, sending shares more than 9% higher at the open on Thursday. The report also noted solid progress in the company’s online initiatives, with total digital sales improving 66% from the year-ago period. Kroger also raised the bottom end of its full-year earnings guidance and notched same-supermarket sales growth of 1.4%.
Investors clearly loved the report, but Ryan digs even deeper into the market’s reaction and Kroger’s new outlook following this new earnings announcement.
Later, Ryan is joined by Dave Bartosiak to do the same with Micron’s earnings results, which came in after the bell on Wednesday. Micron surpassed estimates on the top and bottom line, ending the quarter net cash positive and pointing to a number of encouraging trends as reasons to remain optimistic about its future.
Ryan and Dave discuss these trends, explore Micron’s cash position, analyze the company’s guidance, and more. Make sure to check out the show to hear more!
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