…And the Retail onslaught continues. I'm right now watching a
TV commercial about "Cyber Monday" from…
Joseph A. Bank
). They want foot-traffic in their stores today. Did I mention it
was Cyber Monday?
So the big players regarding e-commerce buying today are, of
) -- of the Jeff Bezos "delivery by Drone" business plan -- and
to a lesser extent
). But don't forget jeweler
). In fact, Overstock has impressed at least some analysts with
its mobile app to buy products. Overstock.com has been considered
by Zacks analysts a dubiously successful retailer for years now.
But isn't an impressive mobile app crucial for today's "showroom"
From what I've seen this morning, the expectations for sales for
today's Cyber Monday are between $1.9 billion and $2.3 billion.
That's a lot of online shopping. Hence the pseudo-holiday,
somewhat comparable to that of Black Friday. But ultimately,
what's the difference? Sales ON THANKSGIVING -- and ONLINE, not
in-store -- topped $1 billion for the first time ever. This not
only cuts into last Friday's hyped-up Black Friday but also
today's equally hyped-up Cyber Monday.
So who's ready? Toys and gadgets are the biggest sellers on days
like today, but apparel, video games, and the other usual
suspects are big movers, as well. If you think it's a crap-shoot
which companies are ready to make big gains tand benefit
stock-holders this holiday season, then you're not familiar
enough with the
Zacks Industry Rank
That said, the top Retail industries among Zacks' designation are
Convenience Stores and Wholesale - Auto Parts. So while it's
important to have some retail exposure at this time of year to
find big near-term gains, it's even more important not to take
your eye off the ball: there are plenty of industries with stocks
ready to break out with gains, from Insurance to Airlines to
Hotels & Leisure.
So happy pseudo-holiday, investors! May your remainder of 2013
allow you to buy ridiculously expensive gifts for your loved
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