Here’s Why Super Market Stocks Are Making Investors Happy Now
Again today there’s one simple reason, Whole Foods Market (NASDAQ:WFM) posted a very strong morning, up nearly 6%, after Co-CEO Walter Robb spoke glowingly about the company’s outlook at an investor conference. Robb said,”We’ve continued to stay strong and gain share over the last number of weeks, noting he was, “very pleased with the progress”and “feeling pretty bullish,” about the company. Yesterday Whole Foods’ common stock shares were upgraded to outperform by analysts at BMO capital.
Here’s a look at how the news is affecting stocks across the supermarket sector:
Kroger (NYSE:KR), up 2%, Safeway (NYSE:SWY) up .99%, Walmart (NYSE:WMT), up .08%, Target (NYSE:TGT) up .78%, The Fresh Market (NASDAQ:TFM) up 4%, SUPERVALU Inc. (NYSE:SVU) up 3.67%, Winn Dixie Stores (NASDAQ:WINN) up 2.7%, Weis Markets, Inc. (NYSE:WMK) up .99%, and lone dog Ingles Markets (NASDAQ:IMKTA) down nearly .65%
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