Leading Market News – JPMorgan, Costco and Safeway, Google

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Latest market news for JPMorgan Chase & Co. (NYSE:JPM), Costco Wholesale Corporation (NASDAQ:COST) and Safeway Inc. (NYSE:SWY), Google Inc. (NASDAQ:GOOG).

Long Safeway and Shorting Kroger

Safeway

If you ask Cort Gwon from FBN Securities he recommends going long Safeway Inc. (NYSE:SWY) and short The Kroger Co. (NYSE:KR) according to this weekend's Barron's article.

The Upgrades: Safeway, The Gap and Google

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Safeway Inc. (NYSE:SWY) was blessed with two upgrades today, one coming from BB&T Capital Markets and the other from Kevin Dann.  Both analysts upgraded to a BUY and set a price target of $27. 

Safeway: Food Still Sells

Safeway

Folks are still eating. Safeway Inc. (NYSE:SWY) reported a Q4 EPS Increase of 16% Annual Free Cash Flow Increases to $681 Million

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