Release

Today’s Research Reports on Trending Tickers: Nordstrom and The Kroger Co.

A selloff in technology stocks and elevated bond yields combined to pressure U.S. equities lower on Thursday. The Dow Jones Industrial Average dropped 0.22 percent to close at 24,713.98, while the S&P 500 Index declined 0.09 percent to close at 2,720.13. The Nasdaq Composite Index fell 0.21 percent to close at 7,382.47.

“Interest rates and bond yields are the elephant in the room for equity markets. As they move higher, equities will become increasingly volatile, especially since valuations are stretched and on the high side,” said Bill Kornitzer, portfolio manager at Buffalo Funds, which has about $7.5 billion in assets.

RDI Initiates Coverage on:

Nordstrom, Inc.
https://rdinvesting.com/news/?ticker=JWN

The Kroger Co.
https://rdinvesting.com/news/?ticker=KR

Nordstrom’s stock moved 0.45% higher Thursday, to close the day at $50.91. The stock recorded a trading volume of 5,173,476 shares, which was above its three months average volume of 1,882,896 shares. In the last year, Nordstrom’s shares have traded in a range of 37.79 – 54.00. The share price has gained 34.72% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $48.86 is above its 200-day moving average of $47.52. Shares of the company are trading at a Price to Earnings ratio of 19.66. Shares of Nordstrom have gained roughly 7.97 percent in the past month and are up 7.45 percent year-to-date.

Access RDI’s Nordstrom, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=JWN

On Thursday, shares of The Kroger recorded a trading volume of 16,018,865 shares, which was above the three months average volume of 10,436,488 shares. The stock ended the day 1.44% higher at $25.30. The share price has fallen 19.55% from its 52 week high with a 52 week trading range of 19.69 – 31.45. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $24.35 is below its 200-day moving average of $25.63. Shares of the company are trading at a Price to Earnings ratio of 12.11. Shares of The Kroger have gained roughly 4.42 percent in the past month and are down 7.83 percent year-to-date.

Access RDI’s The Kroger Co. Research Report at:
https://rdinvesting.com/news/?ticker=KR

Our Actionable Research on Nordstrom, Inc. (NYSE:JWN) and The Kroger Co. (NYSE:KR) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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