- 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