This Stock is Soaring

Today’s company is helping its customers avoid contact during the pandemic…

As folks take measures to slow the spread of COVID-19, some are uneasy about being in public… especially older adults and people with medical conditions. But even those who stay inside still need to buy food and everyday items.

Today’s company is adapting to accommodate its customers’ concerns…

Sprouts Farmers Market (SFM) is a $3 billion specialty grocery chain. It sells organic foods at more than 340 stores coast-to-coast.

And in the midst of the pandemic, the company is working to let its customers shop in a way that makes them feel safe. Sprouts recently announced plans to expand its grocery pick-up service from just 55 stores to all of its stores in partnership with delivery service Instacart. That will allow folks to place orders and pick them up without going inside.

SFM shares have risen during the crisis, up more than 90% since their March 12 low. And they recently hit a new 52-week high. As fearful consumers continue to buy no-contact groceries, that trend should continue…

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Source: Daily Wealth Market Notes