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.
Sainsbury's trading update on 2 July should show excellent progress in grocery against tough comparatives but tougher trading in non-food, suggests house broker Shore Capital. “We would expect mid-single digit food sales growth year-on-year with volume growth robust in a dis-inflating and competitive market, supporting share gains.
After losing some value lately, a hammer chart pattern has been formed for J. Sainsbury (JSAIY), indicating that the stock has found support.
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.
Investors with an interest in Retail - Supermarkets stocks have likely encountered both J. Sainsbury PLC (JSAIY) and Walmart (WMT).