Coles and Woolworths among stocks that might bring an AGM positive surprise

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Recession fears and uncertainty over Russia’s next move have investors worried, but Macquarie finds upside in some ASX100 stocks.

which is scheduled to give a trading update on October 17.

Consumer staples retailers including Woolworths, Coles and Endeavour Group, owner of BWS and Dan Murphy’s, may deliver better-than-expected trading updates says Macquarie.Macquarie has engineering and construction group Downer in the same basket, along with property group Charter Hall, utilities company Origin and insurance group Steadfast. Toll road operator Transurban and

It has that duo sitting in a basket where the AGM update is expected to be a “negative catalyst”. It has “neutral” ratings on those stocks.

 

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