3 “Stock Up” Stock Winners

NYSE: TGT | Target Corporation  News, Ratings, and Charts

TGT – The trend is your friend with these 3 stocks benefiting from the need for folks to “stock up” on food and households item for the long stay at home: Learn more about TGT, KR and GO below.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Coronavirus cases are increasing by the day. And thus all of our worlds are closing in by the day leading to more time confined at home.

I have recently explored how this is of benefit to other stocks as shared in these recent articles:

3 “In Home” Entertainment Stocks You Can’t Ignore

4 Resilient Buy Rated Stocks

3 Pharma Stocks for “Healthier” Returns

Now it is time to consider another thriving trend which is the consumers need to stock up on food and household essential items for the long stay at home. That is most certainly benefiting these 3 stocks that you might want to consider adding to your portfolio at this time: Target (TGT), Kroger (KR) and Grocery Outlet (GO).

Target (TGT - Get Rating

Target is a safe bet in an environment that has a lot of people spending the bulk of their time at home. TGT sells just about everything a family can need, from clothing to groceries to housewares and tools. The online component is a boon during this current state of reducing public interaction, as is their long-established curbside pickup service.

Today’s price just under $100 reflects the recent market volatility, especially during the middle part of the month. Yet in the past week it has shown a lot more strength then the rest of the S&P. TGT is another company that has been around for a substantial period of time, it was founded in 1902, and will continue to do well post COVID-19.

Another think to like about the stock is the attractive dividend yield of 2.63%. Beyond the positive trends for the industry as a whole at this time, I especially like their tech advancements and their app which is considered a market segment leader.

(TGT is 1 of only 5 stocks inside the Reitmeister Total Return portfolio that gained +6.2% earlier this week while the S&P fell -11.5%. How is that possible? Because we are using a hedged portfolio with conservative stocks & inverse ETFs to generate a profit as the market goes down. Get 30 day trial to Reitmeister Total Return)

Kroger (KR)

It makes sense to include one of the market’s longest listed grocery chains in any current list of good buys today. Even in times of normalcy, KR is a steady performer. Yet during these times, you understand the sales growth that has allowed shares to actually rally 13.2% this year while most other stocks are down 20-30% or more.

If you are looking for a reliable stock that will still provide some upward momentum after this pandemic has faded, KR is a solid choice at $34.18. Outside of the Covid-19 impact, KR has also been dedicated to boosting its affordable organic offerings, a move that will surely continue to pay off in the years ahead.

Grocery Outlet (GO)

GO is a bit of a crossover between a grocery store chain and the TJ Maxx discounter model. This California-based company might be one of the oldest companies that you’ve never heard of. Founded in 1946, GO utilizes an overstock purchase model in the grocery and food sector. It sells its product through a network of independently owned stores.

Grocery Outlet only has 320 stores and provides both name brand and private-label goods. Yet they have tremendous growth aspirations to roll out to over 4,000 stores over the next decade. Even if GO comes in at half that level, it would still mark tremendous growth that early investors would be thrilled to be on board.

Let me be clear. Grocery Outlet is a great investment idea at this time as investors clear out their shelves leading to a short term boon in sales and profits. But it truly is the long term potential for GO that has me so excited.

Just imagine buying into TJ Maxx 20 years ago and riding it out to its current perch as a nearly $50 billion market cap firm. I believe GO has the potential to move in that same direction which is why I will not let go of shares when the Coronavirus scare is over.

Just like TGT, Grocery Outlook is also only 1 of the 5 stocks inside the Reitmeister Total Return portfolio that gained +6.2% earlier this week while the S&P fell -11.5%.

How is that possible?

Because we are using a hedged portfolio with conservative stocks & inverse ETFs to generate a profit as the market goes down.

Get 30 day trial to Reitmeister Total Return

 


TGT shares were trading at $98.21 per share on Friday afternoon, down $2.29 (-2.28%). Year-to-date, TGT has declined -22.96%, versus a -26.79% rise in the benchmark S&P 500 index during the same period.


About the Author: Steve Reitmeister


Steve is better known to the StockNews audience as “Reity”. Not only is he the CEO of the firm, but he also shares his 40 years of investment experience in the Reitmeister Total Return portfolio. Learn more about Reity’s background, along with links to his most recent articles and stock picks. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
TGTGet RatingGet RatingGet Rating
GOGet RatingGet RatingGet Rating
KRGet RatingGet RatingGet Rating

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!


Top Stories on StockNews.com

: CRON | Cronos Group Inc. - Common Share News, Ratings, and Charts

4 “Fire & Ice” Stocks to Mellow You Out

Times of crises = times of increased drinking and smoking. And now you understand why these 4 stocks have unique appeal at this time: CRON, CGC, DEO & STZ. Read on for more.
NASDAQ: AMZN | Amazon.com, Inc. News, Ratings, and Charts

2 Tech Stocks Bucking The Downtrend

I prefer to look for the stocks that are being accumulated regardless of the turbulence in the market, and two clear stand-out names fit this bill; Amazon (AMZN) and Cloudflare (NET)
NYSE: SPY | SPDR S&P 500 News, Ratings, and Charts

Investors Need To Prepare For the Earnings Season From Hell

Today's featured article covers the SPY and how you, the investor, can prepare for "the earnings season from hell." Continue reading for all these important details.
NYSE: SPY | SPDR S&P 500 News, Ratings, and Charts

The Fake Rally is Over!

The bear is back on and the S&P (SPY) is ready to tumble lower and lower. Let's discuss why that is the case. Better yet, let me share a strategy to generate profits even as stocks head lower.
: PTON | PELOTON INTERACTIVE, INC. News, Ratings, and Charts

5 Fitness Stocks for the “Modern World”

Staying @ home doesn't have to mean not staying fit. These 5 stocks are the ones to focus on at this time: PTON, FIT, NLS, PLNT and SMPL.

Read More Stories


More Target Corporation (TGT) News View All

Event/DateSymbolNews DetailStart PriceEnd PriceChangePOWR Rating
Loading, please wait...
View All TGT News
Page generated in 1.3395 seconds.