Hunt for AI-proof trades turns convenience shops into hot stocks
via bloomberg.com
Short excerpt below. Read at the original source.
Convenience store stocks are having their moment, riding a wave of investor demand for more defensive plays as angst over the sustainability of the artificial intelligence boom and the ongoing conflict in Iran drive increased market turbulence. Shares of the group’s biggest names — Alimentation Couche-Tard Inc., Casey’s General Stores Inc., and Murphy USA Inc. […]