Is Tractor Supply (TSCO) Undervalued On Higher Inflation And Rising Yields?

Hotter September inflation data pushed Treasury yields higher and hit consumer-focused stocks, and Tractor Supply (TSCO) felt that pressure with a 3.9% drop as earnings season kicked off. For Tractor Supply, the latest move comes on top of a share price that is down 35.6% year to date and a 1 year total shareholder return that has declined 39.9%. At the same time, the 90 day share price return is up 5.6%, which suggests recent momentum has been stabilising after a tougher stretch for long...