Why are the large grocery chains down so severely when people are no longer going to restaurants
Why are the large grocery chains down so severely when people are no longer going to restaurants and eating at home?
Answers
2082 points
alanj answered 5 months ago …
I looked at Winn Dixie (WINN) stock and the pattern is very similar the the S&P 500, which is over bought. WINN is just following the overall market. The market is undergoing a trend change and is expected to continue down and may even test the March low. Now is the time to short the market or buy put options, or an inverse ETF( which also shorts it's underlying index of stocks).
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3963 points
MNSL answered 5 months ago …
Yes, people are not going to restaurants much and they are eating more at home. Now they buy more and more egg and chicken and then they cook at home. Otherwise, they go for takeaway food such KFC not only in USA but also in other countries. There are big demand for egg and chickens now.
Some of the reasons are:
Purchasing power has come down
Higher unemployment
