Top 5 Trending Stocks on Friday

3. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 49

Shares of The Kroger Co. (NYSE:KR) turned green after the opening bell on Friday. The surge came after the retail company posted its fiscal second-quarter results above expectations and raised its profit outlook for the full year.

The Kroger Co. (NYSE:KR) benefitted from the elevated demand for essential household items during the quarter. The company earned 90 cents per share on an adjusted basis, topping the estimates of 77 cents per share. Revenue came in at $34.6 billion, while analysts were looking for $34.2 billion.

For the full year, The Kroger Co. (NYSE:KR) now anticipates adjusted earnings in the range of $3.95 – $4.05 per share, up from its previous guidance of $3.85 – $3.95 per share.