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Blowout Cyber Monday numbers expected

Published 11/27/2017, 09:12 AM
Updated 11/27/2017, 09:12 AM
© Reuters.  Blowout Cyber Monday numbers expected
  • There could be some blowout numbers in store for Cyber Monday in the U.S.
  • First Data president Guy Chiarello tells Bloomberg TV that e-commerce traffic was up over 30% Y/Y for the first couple of hours of the shopping event. The strong showing follows the record $5.03B brought in during Black Friday by retailers.
  • Amazon (NASDAQ:AMZN) is up 1.05% in premarket trading, while Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) are also both tracking higher. The blazing e-commerce growth isn't wrecking the mall sector, with American Eagle Outfitters (NYSE:AEO), J.C. Penney (NYSE:JCP), Kohl's (NYSE:KSS) and Urban Outfitters (NASDAQ:URBN) all showing gains of 1% to 2%. Shopify (NYSE:SHOP) is up 3% in early action.
  • Two retail names to watch today are Best Buy (NYSE:BBY) and GameStop (NYSE:GME) as the first reports on consumer interest in electronics start to pour in.
  • Sources: Adobe, Bloomberg
  • ETFs: XLY, XRT, VCR, IBUY, RTH, RETL, FDIS, IYK, IYC, FXD, SCC, UCC, RCD, UGE, PMR, SZK, FTXD, CLIX, CNDF, EMTY, JHMC
  • Now read: GameStop: Failing Toward Success


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