WES News: Is Wesfarmers Limited's (ASX:WES) Recent Stock Performance Influenced By Its Fundamentals In Any Way - 2nd Feb 2024, 10:03am

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Most readers would already be aware that Wesfarmers' (ASX:WES) stock increased significantly by 11% over the past three months. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. Particularly, we will be paying attention to Wesfarmers' ROE today.

ROE or return on equity is a useful tool to assess how effec...

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