Does Tesco PLC (TSCDY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Tesco PLC (LSE:TSCO) has been accused of using incomparable products for its price-matching scheme with Aldi. Research by the BBC found that 122 products including chicken nuggets, blackcurrant squash and chicken kievs contained less of the key ingredient than Aldi's alternative.
Citi analysts expect to see Britain's largest supermarket Tesco PLC (LSE:TSCO) increase its market share when it reports its first-half results next month. Analysts are forecasting a 3.8% rise in like-for-like sales, representing a steady acceleration from the 3.4% of growth seen in the first half of 2023.
Tesco PLC (LSE:TSCO) has lost a legal case in the UK's Supreme Court over laying off staff at certain distribution centres and then rehiring them on lower pay. Five justices unanimously agreed Tesco should be blocked from the practice on Thursday, following a legal case from the Union of Shop Distributive and Allied Workers.
Tesco was not entitled to terminate some employees' contracts and offer to rehire them on less favourable terms, the United Kingdom's Supreme Court ruled on Thursday.
Tesco (LON: TSCO) share price is firing on all cylinders and beating other retail juggernauts like Target, Walmart, and Kroger. It has jumped by over 140% in the last five years while the three have jumped by 56%, 113%, and 120%, respectively.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Management of Tesco PLC (LSE:TSCO) is 'distinctly on it', according to Shore Capital, which hosted a meeting with management of Britain's largest grocer. This positive feedback from a brokerage, which has a strong track record in retail, allied to a price target hike by UBS helped provide some support for the share price, which was up 1.4% mid-afternoon.
Does Tesco PLC (TSCDY) have what it takes to be a top stock pick for momentum investors? Let's find out.
The British economy is doing relatively well, helped by a combination of falling inflation, strong manufacturing and services sector, and a healthy job market. The most recent data showed that the economy expanded by 0.6% in the second quarter after growing by 0.7% in Q1, helped by the services industry.
Here is how Tesco PLC (TSCDY) and Travelzoo (TZOO) have performed compared to their sector so far this year.
Major UK retailers are often misleading customers over how good the deals are on their loyalty card schemes, according to an investigation by consumer group Which? Supermarket and chemist chains frequently raised the non-member price to make their loyalty offers look better, the research found, having examined 12,000 prices and deals at Tesco PLC (LSE:TSCO), J Sainsbury PLC (LSE:SBRY), Boots, Superdrug, Morrisons, Asda and Coop.