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SUR's 2.10% pop to R4288 reminds me of the casual dining recovery we saw post-2009 when Taste Holdings and Spur both benefited from pent-up demand, though the current backdrop is decidedly different with consumer real incomes under pressure. What separates Spur from peers like Di
SUR up nearly 2% this morning, which is decent movement given the broader consumer discretionary headwinds we're seeing across the board lately.
SUR down 0.71% to R4071 – consumer goods getting pinched again, not enough to panic but the weakness is real.
SUR down 0.70% to R3999 on a day where consumer discretionary should be catching bids. Margins getting squeezed or just profit taking?
SUR at R4028 down 3.17% today but the consumer recovery play is still intact if you believe discretionary spending picks up next year. Problem is margins are getting squeezed and that's the real concern long-term, not daily volatility.
SUR up 4.33% to R4069 feels like a dead cat bounce. Retail weakness persists and this pop will get sold into.
Grabbed more SUR at R4020 on this 3% pop—retail recovery thesis still playing out but need to see if they can hold margins through the next quarterly.
Grabbed more SUR at R4020 today, that 3% pop suggests retail might finally be waking up to the valuation after months of being ignored.