Is the Defensive Trade in Coles (ASX:COL) Cooling?
Highlights Coles fell on Friday as investors rotated out of defensive stocks. Consumer staples still surged over the week after investors piled in on Thursday. Coles is only modestly higher over the past year, lagging rival Woolworths. Coles Group (ASX:COL), one of Australia's two major supermarket chains, gave back some of its recent gains on Friday as risk appetite returned to the market. The pullback followed a strong rally in staples earlier in the week. Coles is in focus among ASX Consum...







