Wesfarmers Ltd (ASX: WES) $77.14
After mentioning Woollies and mince this morning we’ve revisited WES, far from a direct rival but still a discretionary retailer with brands such as Bunnings, Kmart and Officeworks. We last looked at WES following its solid FY26 result here, in August, when the stock was ~$80. After dropping $3, it's on our radar in line with our comments back then: “The dividend increase is welcome, and the core franchises remain first class, but we’d want either a better entry point or a stronger earnings acceleration before becoming more enthusiastic.”