🟢 Jeronimo Martins is trading 6.3% up today on consumer staples rally and defensive rotation

Jeronimo Martins is trading 6.3% up today at €18.31, driven by a broad rally in the consumer staples sector and a shift toward defensive positioning.

• The stock is significantly outpacing its recent trading range despite a lack of company-specific news or fresh earnings data.
• The surge aligns with a 2.7% gain in the Consumer Staples Select Sector SPDR Fund (XLP), supported by strong sector-wide earnings.
• In the absence of direct catalysts, the move appears to be fueled by risk-off flows and sector strength favoring staples.