Supermarkets – sigh of relief

MRW (Morrisons) released their trading statement today. LFL exc. fuel were up 2.9%.

Supermarkets have been so embattled that the news sent the share price up 4% to 247p. TSCO and SBRY also saw their shares rise.

Actually, judging by the chart alone one might have expected the results to be good:

I don’t own own MRW, I own SBRY instead. So I am not out of the woods yet. SBRY has a Stockopedia Value score of 90, so I am not expecting bad things tomorrow. SBRY has been a very lack-lustre performer for me, but it looks like I may want to hold on, absent any disasters tomorrow.


About mcturra2000

Computer programmer living in Scotland.
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