{"id":34597,"date":"2019-11-07T09:33:31","date_gmt":"2019-11-07T14:33:31","guid":{"rendered":"https:\/\/insights.tradestation.com\/?p=34597"},"modified":"2019-11-26T09:23:08","modified_gmt":"2019-11-26T14:23:08","slug":"kroger-cvs-qorvo-rise-uber-falls-earnings-recap","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2019\/11\/07\/kroger-cvs-qorvo-rise-uber-falls-earnings-recap\/","title":{"rendered":"Turnarounds Galore as Flashy Tech Stocks Falter: Earnings This Week"},"content":{"rendered":"\n
Investors keep returning to forgotten stocks and unwinding flashy technology names.<\/p>\n\n\n\n
The last week of earnings saw huge rallies in unglamorous companies like Kroger (KR), CVS Health (CVS) and Coty (COTY). Meanwhile Uber Technologies (UBER), Pinterest (PINS), Roku (ROKU), Expedia (EXPE) and Match (MTCH) skidded lower.<\/p>\n\n\n\n
The change results partially from quarterly reports, but it also seems connected to a broader rotation into value stocks<\/a>. This trend has taken shape as the S&P 500 breaks out to new highs<\/a>, potentially resulting in a new kind of leadership for the next bull run.<\/p>\n\n\n\n Consider a stock like KR. The 136-year old grocery chain lost about half its value between early 2016 and last August. Increased competition, weak pricing and a shift in customer habits away from brands were to blame. But then on Tuesday morning, it had its biggest rally in at least two decades. <\/p>\n\n\n\n