{"id":63193,"date":"2014-11-05T20:33:26","date_gmt":"2014-11-06T01:33:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=63193"},"modified":"2014-11-05T20:33:26","modified_gmt":"2014-11-06T01:33:26","slug":"why-did-the-woolworths-share-price-rise-today","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/11\/why-did-the-woolworths-share-price-rise-today\/","title":{"rendered":"Why did the Woolworths Share Price Rise Today?"},"content":{"rendered":"
November 5, 2014<\/div>
\r\n<\/div><\/div>

By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the Woolworths Share Price?<\/h2>\n

Woolworths Limited\u2019s [ASX:WOW]<\/strong> main business is its Woolworths supermarket chain. But the company also has some chain retail interests, including the Big W discount stores, Masters Home Improvement, and the Woolworth\/Caltex petrol alliances. The company also runs liquor chain stores BWS, Dan Murphy\u2019s and Cellarmasters. Topping it all off are some hotel and leisure interests.<\/p>\n

The share price closed 2.49% higher on Wednesday.<\/p>\n

Why Did This Happen to WOW Shares?<\/h2>\n

Woolworths\u2019 first quarter results were good, but not as good as its competitor.<\/p>\n

Total sales increased 3% to $16.15 billion. <\/p>\n

However, if petrol sales hadn\u2019t fallen 6.1%, Woolworths total sales would have grown 4.1%.
\nFood and liquor sales, a core focus of the retailer, were up 3.9%.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Chief executive Grant O\u2019Brien admitted the results were slightly lower than the 4\u20137% net profit guidance. Yet there was no need to revise this, as he firmly believes the company will achieve this during the Christmas period.<\/p>\n

The stock was heavily sold off over Monday and Tuesday but regained some ground today. <\/p>\n

What Now for WOW?<\/h2>\n

Woolworths can be a solid defensive stock in your portfolio. However, be aware that the Masters Home Improvement chain stores are currently a drag on earnings. The Masters stores aren\u2019t expected to break even until 2016.<\/p>\n

The BIG W chain isn\u2019t helping earnings either. Big W and its apparel catalogue\/online business fell 4.1%, making it the eighth loss in a row for the business. Chief executive Grant O\u2019Brian said BIG W\u2019s transformation is still underway and will drag on results over the financial year.<\/p>\n

Support for the share price appears to forming around $32.<\/p>\n

If you are looking to add WOW shares to your portfolio, don\u2019t overpay for the stock. Woolworths regularly dips on market sentiment. <\/p>\n

Shae Smith+<\/a>
\nEditor, Money Weekend<\/em><\/strong> <\/p>\n

Join Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why did the Woolworths Share Price Rise Today?<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the Woolworths Share Price? Woolworths Limited\u2019s [ASX:WOW] main business is its Woolworths supermarket chain. But the company also has some chain retail interests, including the Big W discount stores, Masters Home Improvement, and the Woolworth\/Caltex petrol alliances. The company also runs liquor chain stores BWS, Dan Murphy\u2019s and Cellarmasters. Topping […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-63193","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=63193"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/63193\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=63193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=63193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=63193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}