Walmart vs Target: Who's the E-Commerce Winner During the Coronavirus Lockdown?
Back in late March, I outlined the reasons why I purchased shares of Walmart (NYSE: WMT) and Target (NYSE: TGT) as the economic lockdown to bring COVID-19 to heel got under way. Both buys have been profitable so far and are beating the S&P 500's performance 2020 to date, and the two companies' first-quarter reports demonstrate why.
Much has changed during the last two months, and migrating to e-commerce will continue to be a top priority for Walmart and Target as they play catch-up to Amazon (NASDAQ: AMZN). Progress on that front got a shot in the arm due to the coronavirus crisis. However, while both are doing well, I think one is the clearer winner long term.
Image source: Target.
Source Fool.com
