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Cyber Monday expected to set a record

Nov. 26, 2018 2:49 PM ETAmazon.com, Inc. (AMZN) StockM, AEO, XLY, RTH, VCR, EBAY, AMZN, IBUY, BBY, FDX, UPS, GPS, BBWI, JWN, KSS, PMR, FL, TJX, XRT, RSPD, FXD, RETL, FDIS, W, ETSY, JHMC, ISHP, EMTYBy: Clark Schultz, SA News Editor12 Comments
  • Cyber Monday is expected to generate $7.8B in sales, according to the latest tabulation from Adobe Analytics.
  • That tally would mark a gain of 18% over last year's Cyber Monday sales haul and would make today the biggest online shopping day in U.S. history.
  • Adding to the e-commerce good cheer, online sales were up 24% on Black Friday to $2.6B.
  • The strong Black Friday to Cyber Monday performance in retail doesn't take into account the rush of early promotions this fall, led by e-commerce giant Amazon (AMZN +4.5%).
  • Later this week, Cyber Monday updates could be released by some online retailers - including eBay (EBAY +1.5%), Wayfair (W +2.7%) and Etsy (ETSY +5.6%). Investors may also hear channel check updates from analysts on retailers such as Nordstrom (JWN +1.8%), Kohl's (KSS +2.6%), Best Buy (BBY +2.4%), Macy's (M +1.6%), TJX Companies (TJX +0.7%), Gap (GPS +1.4%), American Eagle Outfitters (AEO +5.5%), Foot Locker (FL +4.6%) and L Brands (LB +6.8%).
  • The huge rush of online orders adds a bit of operational pressure on FedEx (FDX +0.4%) and UPS (UPS +1.4%) over the next week or two, but is still seen as a positive development.
  • The Amplify Online Retail ETF (NASDAQ:IBUY) is up 1.44% on the day, roughly in-line with broad market averages.
  • ETFs: XLY, XRT, VCR, RTH, RETL, FDIS, FXD, EMTY, RCD, PMR, FTXD, JHMC

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