According to a Wednesday report from data tracker comScore,
Black Friday sales are expected to rise significantly this holiday
The firm predicts total online spending to jump 17% from the
year-ago period. Last year comScore expected sales to ramp up 15%.
Online Black Friday sales were up 26% last year from the prior
year, and the firm expects an even better gain this year.
This trend could mean higher-than-expected holiday sales for
retail giants like Wal-Mart (
), Macy's (
), and Nordstrom (
The Bottom Line
Shares of Wal-Mart Stores (
) have a 2.31% dividend yield, based on Wednesday's closing stock
price of $68.89. The stock has technical support in the $62-$65
price area. If the shares can firm up, we see overhead resistance
around the $72-$75 price levels.Shares of Macy's (
) have a 1.95% dividend yield, based on Wednesday's closing stock
price of $41.01. The stock has technical support in the $37-$38
price area. The stock is trading near all-time highs of $45 a
share. Shares of Nordstrom Inc. (
) have a 1.94% dividend yield, based on Wednesday's closing stock
price of $55.60. The stock has technical support in the $50-$52
price area. The stock is trading near the all-time high levels of
$58-$59 a share.
None of the dividend stocks mentioned in this article are
currently recommended by Dividend.com.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
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