Investors turned to supermarket stocks as a safe haven in 1998, enabling the stocks to outperform the market for the fourth year in a row, securities analysts told SN last week. Retail food stocks were bolstered throughout the year by strong sales and earnings results and by real or anticipated consolidation, the analysts added, and the outlook for 1999 promises more of the same, they said. While the Dow Jones index rose 16.1% for the year and the S&P 500 was up 26.7%, retail food ...
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