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Bullboard - Stock Discussion Forum Loblaw Companies Ltd T.L.PR.B


Primary Symbol: T.L Alternate Symbol(s):  LBLCF | LBLPF

Loblaw Companies Limited is a Canada-based food and pharmacy retailer. The Company provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services. The Company’s segments include Retail and Financial Services. The Retail segment consists primarily of corporates and franchise-owned retail... see more

TSX:L - Post Discussion

Loblaw Companies Ltd > Safe Haven Loblaw as Tech Wreck Continues
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Post by lithomon on May 09, 2022 12:52pm

Safe Haven Loblaw as Tech Wreck Continues

With Loblaw up markedly as the NASDAQ continues to crash, it is clear that money is flowing back to the old economy stocks, especially the likes of Loblaw & a select number of commodity and energy companies (i.e. including new energy stocks, Lithium energy etc with high oil price and high prices at the pumps).

In fact, some portfolio managers are purging a majority of their tech holdings.
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