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Tuesday, Sep 17
Grocery store stocks frisky after Safeway poison pill
- Grocery store stocks are mild out-performers after Safeway fires up a poison pill to protect itself from an unwanted takeover.
- The group has fallen back in favor with some analysts after the perceived threat that food rivals Wal-Mart and Target would decimate store traffic faded a bit.
- Advancers: Kroger (KR) +1.3%, SuperValue +0.5%, Sprouts Farmers Market (SFM) +1.1%, Whole Foods Market (WFM) +0.8%.