Tariff refunds worth an estimated $100b are now flowing back to giants like Apple, Ford and Amazon after the Supreme Court overturned parts of the Trump era trade policy. Some companies are signalling they will share at least some of the savings with shoppers. Others are keeping quiet. For investors, that mix of legal rulings, policy uncertainty and possible pricing shifts creates fresh openings. This article walks through 3 large cap consumer and retail stocks from the screener that stand out as positively linked to this news and explains what their exposure could mean for your watchlist.

The stocks covered below are just a sample, with the full screen surfacing 23 more large cap consumer discretionary and retail companies that carry equally compelling stories around scale, quality and potential tariff tailwinds. To identify which ones fit your own thesis fastest, head straight to the Large-Cap Consumer Discretionary and Retail Stocks screener to filter, analyze and focus on your highest conviction ideas.

Maplebear (CART)

Overview: Maplebear, better known as Instacart, runs a grocery delivery and retail technology platform that connects shoppers, brands and supermarkets through its app, website and in store tools. It helps retailers manage online orders and advertising while giving consumers flexible options to get groceries and everyday essentials delivered or picked up.

Market Cap: US$10.6b

Instacart gives you exposure to the shift toward online grocery and retail media. It is still trading at what Simply Wall St views as a deep discount to its estimated fair value, supported by a P/E that sits below peers and by analyst price targets that imply further upside from the current US$45.64 share price. Revenue of about US$1.04b in Q2 2026 and growing high margin ad and enterprise technology lines show how AI and retail partnerships are feeding into scale and profitability, even if net margins have eased from 13.5% to 11.8% and Q2 EPS missed some expectations. In addition, tariff refunds could lower costs on cross border goods. Overall, this is a business with real momentum, but governance, insider selling and gig economy regulatory risks deserve a closer look.

Instacart’s mix of tariffs relief, retail media growth and a P/E below peers points to a story the market may not be pricing in yet. Start with the 2 key rewards and 1 important warning sign that could reframe how you view its momentum and governance over the next phase.

Build your own tariff and value shortlist around Maplebear

Maplebear and the two other large cap consumer and retail stocks in this article all surfaced from a single screen, but the real edge comes from shaping filters around your own thesis. Use our flexible Screener to combine metrics like valuation, growth and balance sheet strength, or lean on our curated Investing Ideas if you prefer ready made starting points.

eBay (EBAY)

Overview: eBay runs global online marketplaces such as ebay.com and a suite of mobile apps that connect millions of buyers and sellers, allowing users to list, sell, buy and pay for a wide range of products, from collectibles and fashion to car parts and consumer electronics.

Market Cap: US$49.0b

eBay sits at the crossroads of recommerce, AI tools and global trade, which is exactly where the recent tariff refund ruling matters most. The company has been clear that shifting tariffs and customs rules affect both seller costs and buyer confidence, yet its managed programs like SpeedPAK, AI powered listing tools and a growing first party advertising business help keep the marketplace attractive even as rules change. On top of that, eBay combines high margins, strong free cash flow signals and an apparent discount to some fair value estimates, while also carrying meaningful debt, executive pay questions and fresh competition in fashion and collectibles. If you want to see how those cross currents really stack up, this is where a closer look starts to get interesting.

eBay’s high margins and cash generation could be masking a bigger story about how tariffs, AI tools and marketplace competition are reshaping its core. Trace that full picture in the 3 key rewards and 1 important warning sign

Home Depot (HD)

Overview: Home Depot is a home improvement retailer that sells building materials, tools, décor, lawn and garden products, and maintenance supplies to both DIY homeowners and professional contractors, supported by installation services and tool rental. It reaches customers through its stores and a broad online network of websites and mobile apps across the United States, Canada and Mexico.

Operations: Home Depot generated about US$166.6b in revenue, with roughly US$152.4b from its core U.S., Canada and Mexico operations and US$14.2b from other revenue streams, and the vast majority of sales coming from customers in the United States.

Market Cap: US$348.5b

Home Depot sits at the intersection of tariff relief, big ticket home projects and a growing Pro contractor ecosystem, which is why the recent refund ruling matters so much. With significant import exposure, tariff refunds can support margins on everything from building materials to fixtures. Management has already indicated that tariff related pricing moves are largely in place, which gives the company room to protect price competitiveness. At the same time, earnings have softened and debt is high, so any benefit from lower product costs may be an important offset rather than purely incremental. For investors, the mix of steady dividends, Pro focused expansion and policy sensitive risks makes Home Depot a stock where the next few quarters of tariff pass through and housing demand could influence the overall narrative in a meaningful way.

Home Depot’s tariff relief story, high revenue base and Pro focus may be masking a sharper trade off between margins, debt and housing demand. Get the missing context in the analysis report for Home Depot

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.