Tesco (TSCO) share price rebounds as market sentiment improves – 21/09/2021

Tesco’s share price rebounds on Tuesday morning as market sentiment turns less negative.

While the the food industry is predicted to be disrupted from high energy prices, it appears investors are brushing off these concerns.

Supermarket stocks have rebounded from their near-term lows. Sainsbury (SBRY) have found support at 280p after a sharp decline from 340p. Tesco’s share price are trading near its long-term highs at 260p.

UK’s number one supermarket is the sector laggard because of a lack of M&A excitement. That said, the grocer is a quality defensive stock with a fairly chunky dividend yield of 3.9%. Never underestimate the power of compounding from re-investing these dividends.

In light of the growing market uncertainty, Tesco could offer some stability in one’s portfolio.

Compare Vetted Investing, Trading & Currency Accounts

Investing AccountsTrading PlatformsCurrency Transfers
Compare Investment Accounts

Compare Investment Accounts

Compare Trading Platforms

Compare Trading Platforms

Compare Currency Brokers

Compare Currency Brokers