Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

5 Stocks to Win on Record Cyber Weekend Shopping

By Zacks Investment ResearchStock MarketsNov 29, 2020 08:34PM ET
5 Stocks to Win on Record Cyber Weekend Shopping
By Zacks Investment Research   |  Nov 29, 2020 08:34PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

When shoppers were busy grabbing Black Friday deals, retailers had started preparing for Cyber Monday — the next big shopping event. In fact, Cyber Monday has hogged maximum consumer attention in the recent past as "the preferred day for deals."

Overall, the entire cyber weekend is crucial for retailers. Cyber Monday is the Monday after the Thanksgiving holiday, which was created by retailers to "encourage people to shop online." Black Friday, the day after Thanksgiving, marks the start of the holiday shopping season. Most retailers offer promotions and discounts during this time.

“A solid rule of thumb is that Black Friday is a better time to buy newer, big-ticket items. It's also the best day to shop in stores, though you can also shop online. Cyber Monday is a better day to shop for tech deals and smaller gifts. You'll also see slightly better discounts online,” as per an article on businessinsider. The trend is, however, changing lately with Cyber Monday receiving more prominence. The extent of deals and discounts are almost similar on these days.

How Is Consumers’ Shopping Spree This Cyber Weekend?

Consumers shelled out about $9 billion (a new record) on the web on Black Friday, up 21.6% year over year, according to data from Adobe (NASDAQ:ADBE) Analytics (which tracks website transactions from 80 of the top 100 U.S. online retailers), as quoted on CNBC.

Cyber Monday 2020 is expected to turn out the biggest digital sales day in history in the United States. Spending should be between $10.8 billion and $12.7 billion, indicating year-over-year growth of 15% to 35%. Thanksgiving Day online sales also hit a record $5.1 billion, up 21.5% from last year, per Adobe Analytics, as quoted on CNBC.

What Were at the Top of the Shopping List?

New consoles, phones, smart devices and TVs that are usual Black Friday purchases have now taken place online this year. Surprise Black Friday purchases like groceries, clothes and alcohol that would earlier were bought in-store are also being parked in online cart, according to Taylor Schreiner, a director at Adobe Digital Insights, as quoted on CNBC.

Toys and personal care products were among the winning categories of this year shopping, according to Adobe, as quoted on CNBC. “Online spending on toys shot up 294% and rose 278% on personal care products compared with October daily averages. Sales of office supplies and bedding grew by 114% and 109%, respectively”.

Stocks to Win

Mattel Inc (NASDAQ:MAT). MAT

The Zacks Rank #2 (Buy) company is the world’s largest manufacturer of toys. Consumers’ solid spending on toys should make the company a winner this year.

Sony (NYSE:SNE) Corporation SNE

Sony Corp (T:6758). could gain this weekend on deals for newly released PlayStation 5 gaming console and smart TV that are in huge demand. The stock has a Zacks Rank #3 (Hold).


Likewise, deals on AirPods, iPhone, iPad, MacBook and Apple Watch put the company in the spotlight. Some of the Apple deals are “Save up to $900 on iPhone 12 with qualifies activation and trade-in with AT&T and Verizon (NYSE:VZ) (up to $450)”, “Get up to $950 off iPhone 12 Pro Max or iPhone 12 Pro via 30 monthly bill credits when you join and trade in an eligible device” and “iPhone 12 and iPhone 12 Pro Save up to $900 with qualified activation and trade-in,” as quoted on Forbes.

Wayfair (NYSE:W) Inc. W

Consumers have been spending ontheir homes throughout the pandemic as the work-from-home trend led them to do so. So, a loyal Wayfair shopper will definitely target the Zacks Rank #2 online furniture store to avail solid discounts this season. Notably, the store's extended Black Friday sale features up to 80% off deals on living room seating, outdoor pieces, area rugs and décor.

The Home Depot Inc (NYSE:HD). HD

The Zacks Rank #3 home improvement store has also joined the deal euphoria, having thrown a flurry of deals earlier this month that will run through to Dec 2. Deals are on for a range of products from bedding to kitchen essentials.

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Sony Corporation (SNE): Free Stock Analysis Report

Mattel, Inc. (MAT): Free Stock Analysis Report

The Home Depot, Inc. (HD): Free Stock Analysis Report

Apple Inc. (AAPL): Free Stock Analysis Report

Wayfair Inc. (W): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research
5 Stocks to Win on Record Cyber Weekend Shopping

Related Articles

5 Stocks to Win on Record Cyber Weekend Shopping

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email