Big-Box Retailer Stocks Are Crushing the Market
Shares of the country's largest general-merchandise retailers, including Costco Wholesale (NASDAQ: COST), Walmart (NYSE: WMT), Target (NYSE: TGT), Kroger (NYSE: KR), and BJ's Wholesale Club (NYSE: BJ) all jumped sharply on Tuesday. Even Amazon.com (NASDAQ: AMZN), which doesn't have a massive physical store presence but dominates e-commerce, wasn't exempt from this group of stocks' sharp rise.
These stocks' gains came amid an upbeat day for the overall market. As of 2:30 p.m. EDT, the S&P 500 was up 5.8%. But average gain for these retailers was 8%, highlighting their relative strength.
Even more notable, these stocks have easily beat the market over the past 12 months as well.
Source Fool.com
