Despite investor fears that e-commerce giant Amazon.com Inc. (AMZN) would steamroll the retail industry, four big retailers have adapted and are thriving, beating the company in stock performance. While shares of Amazon have gone nowhere over the past 12 months through Tuesday's close, Walmart Inc. (WMT) is up 24%, Target Corp. (TGT) is higher by 37%, Costco Wholesale Corp. (COST) is up 32%, and Ross Stores (ROST) has returned 16%. Barron’s outlined the trend in a recent story. Amazon’s also has drastically underperformed the broader S&P 500, which has risen 9% over 12 months and nearly 20% year-to-date. Read More...
4 Retail Stocks Defy Bears by Crushing Amazon
Despite investor fears that e-commerce giant Amazon.com Inc. (AMZN) would steamroll the retail industry, four big retailers have adapted and are thriving, beating the company in stock performance. While shares of Amazon have gone nowhere over the past 12 months through Tuesday’s close, Walmart Inc. (WMT) is up 24%, Target Corp. (TGT) is higher by 37%, Costco Wholesale Corp. (COST) is up 32%, and Ross Stores (ROST) has returned 16%. Barron’s outlined the trend in a recent story. Amazon’s also has drastically underperformed the broader S&P 500, which has risen 9% over 12 months and nearly 20% year-to-date.
Add Comment