Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Walmart shares soared more than 10 percent Thursday morning on the heels of the retailer reporting quarterly earnings and sales that topped analysts' expectations, fueled by growth online and robust grocery and apparel sales.
That means the company's stock value increased by $28 billion in one morning, bringing its total market cap to more than $293 billion. For comparison, e-commerce rival Amazon still has a market cap of more than $925 billion today. But there are still many retailers based in the U.S. — including Macy's and Best Buy — that have a stock value of less than $28 billion, or as much as Walmart racked up thanks to one strong earnings report.
CNBC looked at those retail stocks within the S&P 500 Retail ETF on Thursday morning and found 79 out of 89 of those companies to have market caps of less than $28 billion. Below is a list of 10 of those names, some of which might come as a surprise considering how many stores they have, or the fact that they are trying to compete with the ranks of Walmart and Amazon.
— CNBC's Tom Franck and Chris Hayes contributed to this reporting.
Grocery chain Kroger, which owns brands like Fred Meyer Stores and Ralphs, has a market cap of $24.1 billion. Its shares have climbed more than 30 percent over the past 12 months.
Electronics retailer Best Buy has a market cap of $21.7 billion. Its shares have risen more than 25 percent over the past 12 months.
Jeweler Tiffany has a market cap of $15.9 billion. Its shares have risen more than 43 percent over the past 12 months.
Clothing retailer Gap, which owns Old Navy and Athleta, has a market cap of $11.9 billion. Its shares have climbed more than 34 percent over the past 12 months.
Department store chain Macy's has a market cap of $10.8 billion. Its shares have rallied more than 75 percent over the past 12 months.
L Brands, the parent company of Victoria's Secret and Bath & Body Works, has a market cap of $8.9 billion. Its shares have fallen nearly 20 percent over the past 12 months.
Department store chain Nordstrom has a market cap of $8.7 billion. Its shares have climbed more than 16 percent over the past 12 months.
Dick's Sporting Goods has a market cap of $3.7 billion. Its shares have increased roughly 30 percent over the past 12 months.
Ascena Retail, parent company of brands like Ann Taylor, Dressbarn and Loft, has a market cap of $951 million. Its shares have rallied more than 130 percent over the past 12 months.
Department store chain J.C. Penney has a market cap of $588 million. Its shares have dropped nearly 50 percent over the past 12 months.