The premium priced grocers are starting to have a difficult time in their Y over Y comparisons. There are more and more signs of a pending recession creeping in.
The fact that Kroger, Safeway, Fairway, Gristedes, Publix, Walmart etc. all have organic produce and products does not help these players.
Non-GMO selections could help--because those players above to do have a deep bench when it comes to non-GMO offerings.
As for now, the shorts are in control and smiling.
The tax loss selling season will be upon us in two months. Not good for stocks at or near their 52 week lows.
JMO
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