Wesfarmers Ltd (ASX:WES) is a 100-year-old conglomerate which at various times has owned and operated some of Australia’s largest retail brands such as Kmart, Target and more. Today, its largest business is Bunnings Warehouse, the number-one DIY home improvement business.
The S&P/ASX 200 (INDEXASX: XJO) has shown lots of share price ups and down this year. Luke Laretive of Seneca Financial Solutions tells us 3 reasons why we are underweight ASX retail shares. Are these share prices undervalued?
I’d recommend buying both of these ASX shares as ways to invest for the long-term, including Wesfarmers Ltd (ASX:WES) shares.
The Rea Group Ltd (ASX:REA) share price has risen 50.5% since the start of the 2023. It’s probably worth asking, ‘is the REA share price in the money?’
The Wesfarmers Ltd (ASX:WES) share price has jumped 18.1% since the start of the 2023. It’s probably worth asking, ‘is the WES share price cheap?’
The Rea Group Ltd (ASX:REA) share price has jumped 48.1% since the start of the 2023. It’s probably worth asking, ‘is the REA share price cheap?’
The Wesfarmers Ltd (ASX:WES) share price has risen 15.4% since the start of the 2023. It’s probably worth asking, ‘is the WES share price in the money?’
The Rea Group Ltd (ASX:REA) share price has risen 43.5% since the start of the 2023. It’s probably worth asking, ‘is the REA share price in the money?’
The Wesfarmers Ltd (ASX:WES) share price has jumped 15.8% since the start of the 2023. It’s probably worth asking, ‘is the WES share price cheap?’
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished up +0.39% to 7,015.20.
