The supermarkets business will do well, and is one of the few sectors that will be somewhat recession proof as, as others have said, people will always need to eat and have basic household staples.
The ironic thing with the analysis above is that the positive outlook for supermarkets due to people eating in will also cannibalize some performance in the pubs business. That said though, I'm still comfortable that WOW is going to be one of the more stable stocks over the next 6 months (at least) of volatility.
News: WOW Australian grocers win analyst upgrades on coronavirus stockpiling, home cooking, page-6
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Last
$34.21 |
Change
-0.240(0.70%) |
Mkt cap ! $41.79B | |||
| Open | High | Low | Value | Volume |
| $34.63 | $34.68 | $34.10 | $56.69M | 1.657M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2212 | $34.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $34.22 | 671 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| WOW (ASX) Chart |