Worth Watching Stocks to Track: Kroger Co (NYSE:KR), Diamond Offshore Drilling Inc (NYSE:DO)

On Friday, Shares of Kroger Co (NYSE:KR), added 0.61% and closed at $29.68 in the last trading session. The last trading range of the stock ranges between $29.51 and $29.99. The Kroger Co., together with its auxiliaries, operates as a retailer in the United States. It also manufactures and processes food for sale in its supermarkets. The company operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; multi-department stores provide general merchandise items, such as apparel, home fashion and furnishings, outdoor living, electronics, automotive products, toys, and fine jewelry; and price impact warehouse stores offer grocery, and health and beauty care items, in addition to meat, dairy, baked goods, and fresh produce items. The company’s marketplace stores comprise full-service grocery, pharmacy, health and beauty departments, and perishable goods, in addition to general merchandise, counting apparel, home goods, and toys. It operates under the banner brands, such as Kroger, Ralphs, Fred Meyer, King Soopers, etc., in addition to Simple Truth and Simple Truth Organic brands. As of January 30, 2016, the company operated 2,778 retail food stores, counting 1,387 fuel centers; 784 convenience stores; and 323 fine jewelry stores and an online retail store, in addition to franchised 78 convenience stores.

Diamond Offshore Drilling Inc (NYSE:DO), dropped -1.18% and closed at $17.61 in the last trading session. The last trading range of the stock ranges between $17.26 and $18.09. The company’s Market capitalization is $2.39 Billion with the total Outstanding Shares of 137.17 million. S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective after the close of trading on Friday, September 30:

Coty Inc. (COTY) will replace Diamond Offshore Drilling Inc. (DO) in the S&P 500, and Diamond Offshore Drilling will replace Polycom Inc. (PLCM) in the S&P MidCap 400. Siris Capital Group attained Polycom in a deal accomplished recently. Diamond Offshore Drilling is ranked at the bottom of the S&P 500 and has a market capitalization more representative of the mid-cap market space.

Tile Shop Holdings Inc. (TTS) will replace Epiq Systems Inc. (EPIQ) in the S&P SmallCap 600. Omers Private Equity is acquiring Epiq in a deal expected to be accomplished soon pending final conditions.

Coty manufactures, markets, and distributes beauty products. Headquartered in New York, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Personal Products Sub-Industry index.

Diamond Offshore Drilling provides contract drilling services to the energy industry. Headquartered in Houston, TX, the company will be added to the S&P MidCap 400 GICS Oil & Gas Drilling Sub-Industry index.

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