Supermarket industry stocks were flying high in 1996. After recovering their momentum in 1995, food distributor shares continued their upward direction through most of last year, with SN's Composite Index of 48 food stocks up 45.4%, compared with gains of 26.8% in 1995, which was considered a good year. In contrast, the general market did not perform as well in 1996, with the Dow Jones Index up 26% for the year and the Standard & Poor's 500 up 20.3%. Of the 48 stocks in SN's index, 19 ...

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