Hot stocks – Coles and Northern Star Resources (NST)

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First up today, CMC Markets’  Chief Market Strategist, Michael McCarthy likes Coles (COL) because the now stand alone supermarket business is trading at a PE discount to its major rival Woolworths (WOW), despite a recent rally. “Given concerns about the international outlook, Australian focussed businesses with steadier earnings profiles could receive further support, and COL looks like a stand out to me,” he says.

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