Diamonds and Dogs

4/21/25

Kroger (KR) rises modestly to a 52 week high as the broader market continues its decline. The stock is up 40% since last summer. Kroger is a defensive stock to own during corrections and economic slowdowns as we all need to continue buying groceries. Last Thursday, consumer spending data showed spending rose 1.4% in March verse just 0.2% increase in February. Some of this spending was ahead of tariffs and possible price hikes. Grocers will also benefit from consumers stock piling.

Tech taking it on the chin ahead of earnings. Tesla (TSLA) is down 7% as they may delay a lower-cost version of its Model Y here in the US. Google (GOOG) is down 3% following a federal judge ruling last Thursday stating Google holds an illegal monopoly in online advertising technology. The rest of the big cap not doing much better. Nvidia is down 6%, Apple, Amazon and Meta are all lower by 3% or more.