Barron’s: This ‘alternative to Amazon’ is up 60% in May — here’s how to play the stock

If you fire up your computer or phone to get your groceries, there’s an increasing chance you might rely on British online supermarket Ocado Group’s technology. That’s thanks to the company’s big deal with U.S. supermarket giant Kroger this month, which comes after negotiating other partnerships around the world.

But with Ocado’s shares OCDO, +1.46% having soared roughly 60% in May, you might not want to bank on the stock. Even some fans are suggesting it’s time for shares to digest their Kroger-driven pop.

“We think there is a great deal for management to now execute on, and thus see a low likelihood of another major deal in the near term,” say RBC analysts led by Sherri Malek in a recent note.

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