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History was made during this year’s Cyber Monday, and on this week’s episode of Shopping for Stocks, host and Zacks Editor Maddy Johnson dives into America’s largest-ever online shopping day.
Cyber Monday ended up generating some $6.6 billion in sales, according to Adobe Analytics, and that by 10 a.m., $840 million had already been spent online, a 17% year-over-year jump.
Overall, this holiday season has been off to a strong start. Online sales saw another record on Black Friday, while foot traffic on that day in stores didn’t fall as much as analysts had feared. If you went out shopping last Friday, you likely noticed that a ton of other people decided to join you. Or at least I did. My local Target (TGT - Free Report) , Macy’s (M - Free Report) , Bed Bath & Beyond , and Ulta (ULTA - Free Report) were packed, with winding lines during those peak doorbuster hours.
This rise in retail activity has helped bolster retail stocks, even after not too shabby Q3 earnings results, and shares of Macy’s, JCPenney , Target, and Walmart (WMT - Free Report) all rallied yesterday after preliminary Black Friday sales results started to creep in.
While solid promotions were likely a big driver for a lot of shoppers, the strong economy should also be looked at. Consumers feel confident right now, and when confidence is high, people are going to spend.
As a reminder, if you feel that something was missed, or if you want a different topic covered, send an email to podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave a rating on iTunes.
Thanks for listening to this week’s episode of Shopping for Stocks!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>
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Cyber Monday Makes History: A Positive Sign for Holiday Shopping?
History was made during this year’s Cyber Monday, and on this week’s episode of Shopping for Stocks, host and Zacks Editor Maddy Johnson dives into America’s largest-ever online shopping day.
Cyber Monday ended up generating some $6.6 billion in sales, according to Adobe Analytics, and that by 10 a.m., $840 million had already been spent online, a 17% year-over-year jump.
Overall, this holiday season has been off to a strong start. Online sales saw another record on Black Friday, while foot traffic on that day in stores didn’t fall as much as analysts had feared. If you went out shopping last Friday, you likely noticed that a ton of other people decided to join you. Or at least I did. My local Target (TGT - Free Report) , Macy’s (M - Free Report) , Bed Bath & Beyond , and Ulta (ULTA - Free Report) were packed, with winding lines during those peak doorbuster hours.
This rise in retail activity has helped bolster retail stocks, even after not too shabby Q3 earnings results, and shares of Macy’s, JCPenney , Target, and Walmart (WMT - Free Report) all rallied yesterday after preliminary Black Friday sales results started to creep in.
While solid promotions were likely a big driver for a lot of shoppers, the strong economy should also be looked at. Consumers feel confident right now, and when confidence is high, people are going to spend.
As a reminder, if you feel that something was missed, or if you want a different topic covered, send an email to podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave a rating on iTunes.
Thanks for listening to this week’s episode of Shopping for Stocks!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>