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Kroger (KR) - Get Kroger Co. Report said Wednesday that it will spend $800 million to snap up Midwestern grocer Roundy's (RNDY) .

John Augustine, chief investment officer at Huntington Trust, said this won't be the last aggressive move from the supermarket chain as it battles both Walmart (WMT) - Get Walmart Inc. Report and Whole Foods (WFM) .

"Roundy's is going to help and we would suspect they are going to pick up some more to keep their earnings momentum going because they are doing a good job with the utilization of those stores and square foot revenues," said Augustine.

Kroger has seen its shares rise 15.5% so far this year, most of that appreciation coming at the start of the year. Kroger shares closed Wednesday at $37.03, down less than 1%. Shares of Roundy's jumped by a whopping 64%, closing at $3.57.

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Augustine is also bullish on Marriott International (MAR) - Get Marriott International, Inc. Class A Report , which has seen its stock drop just over 2% year-to-date. He said the hotel chain is being hit hard by the strong dollar, but its underlying business is fundamentally strong.

"It's a good valuation," said Augustine of the company's PE multiple of 20 times 2016 earnings estimates. "Moving into next year -- as consumers keep spending -- they are going to be a beneficiary of that and that's why we like that stock."

Amgen (AMGN) - Get Amgen Inc. Report is flat year-to-date, but Augustine said it is a consistent performer in what has been a very volatile biotech space.

"We want to be in the health care space and that company is one of the most balanced with respect to earnings growth," said Augustine.

Finally, Augustine is positive on Constellation Brands (STZ) - Get Constellation Brands, Inc. Class A Report , up 38% thus far in 2015. Augustine said the company will not be negatively impacted by the massive InBev (BUD) - Get Anheuser-Busch InBev SA/NV Report merger with SABMiller (SBMRY) .

"The key for Constellation Brands comes in the second half of next year," said Augustine. "That's when they are going to have tough earnings per share comparisons to cover, so that's what we are watching."