- Retail stocks are slightly ahead of U.S. stock index futures on the busiest mall shopping day of the year. Customer Growth Partners tells CNBC that traffic this year is "exceptional" based on its checks of 20 locations in the U.S. A solid day could be in store with weather decent across most major metropolitan areas and consumer confidence readings blazing hot. Earlier today, Adobe reported that Thanksgiving day online sales were up a double-digit clip.
- Some investors are paying attention to the retail traffic reports. Shares of J.C. Penney (NYSE:JCP) are up 1.86% in premarket trading, while department store peers Kohl's (NYSE:KSS), Macy's (NYSE:M) and Nordstrom (NYSE:JWN) are all up around 1%.
- Wal-Mart (NYSE:WMT) is up 0.41% and Target (NYSE:TGT) is 0.54% higher heading into the holiday-shortened trading day. Both retail chain are seeing good traffic tips analysts that braved the graveyard shift.
- Best Buy (NYSE:BBY) is showing a 0.92% gain as investors continue to snap up shares following the post-earnings plunge.
- The retail sector has outperformed the broad stock market for the two-week period surrounding Black Friday over the last ten years.
- ETFs: XLY, XRT, VCR, RTH, RETL, FDIS, FXD, RCD, PMR, FTXD, CNDF, EMTY, JHMC.
- Previously: Thanksgiving shopping puts retail on watch (Nov. 23)
- Previously: Thanksgiving online sales pass $1.5B (Nov. 24)
- Now read: Dividend Champion Takes Analysts For A Spin - Again
Original article