S&P 500 slips as Hurricane Irma nears Florida; tech falls
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September 12, 2017 3:04 PM EDT
Susquehanna options strategist Alison Edwards notes downside bearish positioning in Kroger (NYSE: KR), as an opening investor bought 8,000 Apr 22 Puts for $2.65, adding to buyers of Oct 21 & 22p and Jan 21p last week with competition from Amazon (NASDAQ: AMZN).
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September 11, 2017 7:35 AM EDT
Jefferies lowered its price target on Kroger (NYSE: KR) to $19.00 (from $24.00) while maintaining a Hold rating following the company's 2Q release. KR reported an in-line adjusted EPS of $0.39 on respectable comps, but sequentially weaker FIFO EBIT margins/ROIC.
KR maintained its 2017 EPS... More
September 11, 2017 7:17 AM EDT
Universal Insurance (NYSE: UVE) and other Florida insurers were in focus Monday as Hurricane Irma weakened to a Category 1. Shares of Universal Insurance, which had weakened ahead of the storm, traded higher pre-market.
Other names on watch included:
Chubb Corp....
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