Seeking Alpha

Grocery and restaurant stocks get busy

  • Grocery store and restaurants stocks are rallying in force as the two sectors see some rare momentum.
  • A couple of factors could be coming into play with jobless claims lower and some key wholesale food costs moderating. A slightly more positive read on food/restaurant spending from key companies is also in the mix.
  • Advancers: Safeway (SWY) +2.9%, SuperValu (SVU) +1.5%, Whole Foods Market (WFM) +1.3%, Roundy's (RNDY) +2.5%, Jack In the Box (JACK) +5.6%, BJ's Restaurants (BJRI) +3.1%, Cracker Barrel (CBRL) +2.8%, Ruth's Hospitality (RUTH) +2.5%.
Comments (1)
  • rallyman
    , contributor
    Comments (4) | Send Message
     
    The increasing older demo with more discretionary income and health awareness via diet wil gravitate toward these providers as the traditional companies and MegaAgriGrow types play catch up. We're good for at least 5 years more.
    24 Nov 2013, 05:20 AM Reply Like
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