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This Absurdly Cheap Retail Stock Has Shrunk to Just 5% of Walmart's Value
Walmart (NYSE: WMT) is one of the most valuable companies in the world, approaching $800 billion in market value. It looks on track to become the first retailer to hit the $1 trillion mark. In just the past three years, it has risen by more than 130%.But what about one of its key rivals, Target (NYSE: TGT)? It has been going in the opposite direction lately. And the divergence has become so significant that it is worth just $43 billion, close to 5% of Walmart's overall valuation.Here's a look at how big the gap between these two stocks used to be, why it has changed drastically, and what it could mean for investors.Continue reading
Walmart (NYSE: WMT) is one of the most valuable companies in the world, approaching $800 billion in market value. It looks on track to become the first retailer to hit the $1 trillion mark. In just the past three years, it has risen by more than 130%.
But what about one of its key rivals, Target (NYSE: TGT)? It has been going in the opposite direction lately. And the divergence has become so significant that it is worth just $43 billion, close to 5% of Walmart's overall valuation.
Here's a look at how big the gap between these two stocks used to be, why it has changed drastically, and what it could mean for investors.
