Takeaway: Please note we are removing KR (long) from Investing Ideas today.

"Kroger is signaling lower-highs and my US equity market view isn’t as bullish as it was for a stock with its style factors," writes Hedgeye CEO Keith McCullough.

**No change to Consumer Staples analyst Howard Penney's fundamental long thesis on Kroger (KR). Click here to read our original stock report on the company.