WOW -5.61%: it’s not often we see ‘Woolies’ down nearly 6% however the negative sentiment flowing from Target’s result in the US prompted a significant sell-off right across the retail sector in Australia, and not even staples were spared. Rising costs are the main issue here however it’s important to note that WOW and other sector players like Wesfarmers (WES) have not enjoyed the strength that the likes of Target have in the US which has seen their shares rally 2.5x in the last 2 years.
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Buy Hold Sell: The best and worst performers of FY25
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Friday 4th July – Dow up +344pts, SPI up +27pts
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Thursday 3rd July – ASX -42pts, PME, NWH, GLF
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MM remains long WOW in our Flagship Growth Portfolio
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