Jim Cramer Was Focused on These 13 Stocks

7. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 68

The Kroger Co. (NYSE:KR) is one of the stocks Jim Cramer was focused on. A caller inquired if they should buy more of the stock, and Cramer said:

“I like Kroger right here. I like Kroger. I think the numbers have been better than expected traditionally. I can’t believe it has drifted down here. People are worried about food inflation. I totally get that. They’d rather own Walmart. I totally get that. I like Kroger. I do like Costco even more, but Kroger’s less expensive.”

The Kroger Co. (NYSE:KR) operates grocery, multi-department, marketplace, and warehouse stores. The company provides food, pharmaceuticals, fuel, and general merchandise. When a caller inquired about the stock during a June episode, Cramer responded:

“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.”