The Tesco (LSE:TSCO) share price slumped nearly 9% on 14 March when Asda said it was going to start cutting prices across a large number of its products. It appears to me — as is often the case when news like this first breaks — many shareholders over-reacted.

Some appeared to panic as, in my opinion, irrational behaviour led to the large sell-off in the grocer’s stock. The result? An opportunity for new investors to come on board and acquire shares in, what I believe to be, a quality company at a discounted price.

Well, that’s what I did, anyway.

Going defensive

With the ongoing fallout from President Trump’s erratic approach to tariffs and the associated stock market turmoil, it could be one of…