Woolworths, Afterpay and Stockland are still key picks
Analysts like the outlook for the grocer, point out rising competition for the buy now, pay later leader and say residential settlements will buoy the property developer.
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Woolworths
Industry background: The food and grocery sector has enjoyed record sales growth, buoyed by panic hoarding and pantry stuffing at the peak of COVID-19 followed by elevated demand from people spending more time at home and treating themselves by spending money they would otherwise have spent on travel and eating out. Elevated demand enabled retailers to cut back on discounting, boosting gross margins, while coronavirus-related costs eased in the December half.