My hot stocks: Woolworths (WOW) and Coles (COL)

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Both Woolworths (WOW) and Coles (COL) received a good lift as the Federal election campaign got underway, with both major parties proposing tax cuts and/or rebates for individuals,” he said.

“Investors swung behind consumer-exposed stocks. However, the support pushed WOW toward 4-year highs, and a forward P/E ratio of around 23.5 times,” he added.

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