tl;dr
According to the latest report from Mastercard SpendingPulse, there has been a significant uptick of 2.5% in year-over-year retail sales on Black Friday in the United States. This figure excludes automotive purchases and is not adjusted for inflation. E-commerce sales on Friday increased by 8.5% yea...
According to the latest report from Mastercard SpendingPulse, there has been a significant uptick of 2.5% in year-over-year retail sales on Black Friday in the United States. This figure excludes automotive purchases and is not adjusted for inflation. E-commerce sales on Friday increased by 8.5% year-over-year as consumers shopped for deals online, while in-store sales increased by 1.1%, MasterCard Spendingpulse said.
Earlier in September, Mastercard SpendingPulse had predicted a 3.7% surge in retail sales, excluding automotive, for the holiday season from November 1st to December 24th. E-commerce sales were expected to increase 6.7% year-over-year, and in-store sales to increase 2.9% year-over-year. Black Friday refers to the day after the U.S. Thanksgiving holiday, when retail sales are traditionally strong. Top retailers include Amazon (AMZN), Target (TGT), Walmart (WMT), Best Buy (BBY), Apple (AAPL), Costco (COST), Home Depot (HD), Lowe's Companies (LOW), eBay (EBAY), Wayfair (W), and Etsy (ETSY).
More about Amazon.com Inc
Amazon.com Inc. is a major player in the e-commerce, cloud computing, digital streaming, and artificial intelligence industries. With a market cap of $1.52 trillion and a stock price of $3,543.63, the company has seen a steady increase in value. The stock has shown a positive trend, with a 1.91% increase in the past week and a 53.95% increase in the past year. The Relative Strength Index (RSI) of 76.83 indicates that the stock may be overbought, and caution should be exercised. The company's strong financials and market dominance have contributed to its bullish trend, but potential risks such as regulatory scrutiny and competition should be taken into consideration.
More about Target Corporation
Target Corporation is a retail giant with a market capitalization of $60,688,646,000. The stock is currently trading at $135.33, with a 52-week range of $104.58 to $231.76. The stock has a price/earnings ratio of 16.75 and a dividend yield of 4.34%. The company has shown a return on equity of 7.85% and a debt/equity ratio of 0.364. Market sentiment appears to be slightly bearish with a negative price change of -0.042. The retail industry, particularly variety stores, has been facing challenges due to changing consumer behavior and the impact of e-commerce. It is crucial to monitor the stock closely for any potential support and resistance levels, as well as any breakouts or patterns that could indicate a shift in market sentiment.
More about Walmart Inc
Key financial metrics for Walmart Inc. include a market capitalization of $420.04 billion, a stock price of $237.11, and a price-to-earnings ratio (P/E) of 25.97. The company has a dividend yield of 2.27% and a beta of 0.553, indicating lower volatility compared to the market. Market sentiment towards Walmart Inc. appears positive, with a strong market capitalization and a relatively low P/E ratio suggesting potential value for investors. However, the company's dividend yield and beta should be considered as potential risks or uncertainties, as they may impact investment decisions. Additionally, the stock's performance should be analyzed in conjunction with technical indicators such as moving averages and RSI to assess potential support and resistance levels, breakouts, and overall trend direction.
More about Best Buy Co. Inc
Best Buy Co., Inc. is a leading consumer electronics retailer with a market cap of $43.54 billion and a current stock price of $73.52. The company's revenue stands at $15.13 billion with a net income margin of 3.64%. The stock has shown a 5.79% return over the past year, outperforming the market index by 0.0293. The technical indicators like Relative Strength Index (RSI) and Bollinger Bands suggest that the stock is currently trading near its resistance level and may experience a potential breakout. However, the stock's performance is influenced by the overall market sentiment, which is currently bearish, and the company's future performance may be subject to uncertainties. Therefore, caution is advised when considering investment in Best Buy Co., Inc.
More about Apple Inc
Apple Inc. is a leading American multinational technology company that specializes in consumer electronics, computer software, and online services. With a revenue of $274.5 billion in 2020, Apple is the world's largest technology company and has been the most valuable company since January 2021. As of 2021, Apple is the world's fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer, positioning itself as one of the Big Five American information technology companies. The stock performance has shown a positive trend with a current share price of $181.56 and a market sentiment that is moderately bullish. However, it's important to note that the stock has a high Relative Strength Index (RSI) of 30.94, indicating potential overbought conditions and the need for caution in the short term. Additionally, the stock is currently trading near its resistance level, suggesting a potential for a pullback in the near future. It's important for investors to consider these factors and potential risks associated with the current market conditions.
More about Home Depot Inc
Home Depot Inc, the largest home improvement retailer in the United States, has shown strong financial metrics with a market capitalization of $310.72 billion and a price-to-earnings ratio of 19.92. The stock has performed well, with a 52-week high of $153.87 and a current price of $299.80. Market sentiment appears positive, with a positive Relative Strength Index (RSI) of 15.6 indicating a bullish trend. However, it is important to note the potential risks associated with the stock, as past performance is not always indicative of future results.
More about Lowe's Companies Inc
Lowe's Companies Inc is a retail company specializing in home improvement, with a market capitalization of 114.89 billion. The stock has a price-to-earnings ratio of 15.27 and a dividend yield of 4.3%. The stock has a 52-week high of 224.87 and a 52-week low of 153.11. The stock's current price is 13.04 and has experienced a 0.085% change. The market sentiment for Lowe's Companies Inc is currently bearish, with a negative change of -0.128.
More about eBay Inc
eBay Inc. is a multinational e-commerce corporation with a market capitalization of $100.6 billion and a stock price of $45.01. The stock has a P/E ratio of 8.33 and a dividend yield of 4.98%. The Relative Strength Index (RSI) is 18.79, indicating potential oversold conditions. The company operates in the business services sector and has a market sentiment that is slightly bearish, with a decrease of 0.62% in the stock price. However, there is a potential for a bullish trend with a positive change of 0.05. It is important to note that past performance is not always indicative of future results, and there may be uncertainties and risks associated with this analysis.
Disclaimer:
This is not financial advice. Please do your own research before investing in any cryptocurrency.