Major distributor Sysco Inc. (NYSE: SYY) shares trade at 18.9X forward earnings. The June CPI report revealed that core inflation had fallen to 4.8% from 5.3% in May 2023, which the market interpreted as great news sending stocks soaring the following days. CEO Douglas summed up the four focus areas as supply chain performance and efficiency, redesigning work processes with suppliers and customers to accelerate profitable growth, upgrading the digital experience and modernizing its technology.