Kroger in merger talks, Nike shares climb in early trade, KB Home up after earnings

Kroger Shares (KR) are surging here, up over +4.2%. The grocer is reportedly in talks with Target on a merger deal, according to Fast Company. This is presumably a move to counter Walmart’s huge presence in the grocery space and Amazon’s advance with Whole Foods.

Nike (NKE) shares are climbing in early trade, up around +3% The world’s largest athletic wear retailer beat on earnings on an adjusted basis, with revenue healthily topping estimates as well.

KB Home (KBH) shares are also climbing for the Detroit-based homebuilder, up +3.8%. KB Home beat on earnings by a healthy margin, although it missed slightly on revenue.

For more on today’s big stock movers check out the Final Round, live at 3:55 p.m. Eastern, right here on Yahoo Finance.

 

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