Jim Cramer on Kroger: “Do Not Buy All At Once”

The Kroger Co. (NYSE:KR) is one of the 16 stocks Jim Cramer recently discussed. Inquiring about it, a caller mentioned that they are entering a position in the stock. Cramer commented:

“Alright, I’ll tell you Kroger stock is rolling over… That’s the problem. It’s just rolling over, and when I see a stock rolling over at 13 times earnings, I say to myself, okay, let it come down. Buy a little, buy a little, and then wait for the next level. Do not buy all at once. It could be a bad sign that this stock is having such a hard time at this particular moment, and it sure is. 73 down to 64. How about [we] wait till it goes to 60? Then we see whether the chart’s a little better right there.”

Chefs in a fast-food kitchen preparing burgers and fries.

Kroger (NYSE:KR) is a major U.S. retailer that runs various types of stores, such as food and drug combos, multi-department locations, marketplaces, and discount warehouses.

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Disclosure: None.