Once upon a time, there were people who preferred going to markets over online shopping. Well, it was indeed once upon a time as the world of digitalization prefers online shopping over anything else as it not only earns them great offers but also allows them to have anything in just a single click.
What is Black Friday?
Black Friday is one of the busiest shopping days in the yearly calendar of America. With time, this trend has pretty much flooded all over the world. For those who aren’t aware, Black Friday is the day following Thanksgiving.
And Cyber Monday?…
As mentioned earlier, online shopping has overshadowed the traditional shopping. To encourage people to shop online, retailers created “Cyber Monday.” Yes, as you can guess, it is Monday following Thanksgiving.
It is fascinating to see that the new marketing day has overshadowed the ancient Black Friday. How? Well, let’s look at the facts –
- The Giant service network, Deloitte, is forecasting that only 44% of people will be focusing on the Black Friday sales, whereas more than 53% will rely on Cyber Monday discounts.
- The multinational software company, Adobe is expecting more than $9.4 billion in sales for Cyber Monday and $7.5 billion for Black Friday.
One of the reasons why Cyber Monday is dominating Black Friday is because it is mainly meant for online shopping. 2019 has witnessed some of the most significant online sales grossing over $4.4 billion; hence, Cyber Monday has all the eyes. (for all the investors out there, this is a great opportunity).
Companies to look for –
Amazon (AMZN) is one of the biggest gainers from Cyber Monday. It is only evident as they dominate almost 50% of the online shopping market in the US. The last few months have not been so good for the AMZN stock market; perhaps this Cyber Weekend is exactly what it needs to retain its growth.
eBay (EBAY), and Wallmart (WMT) are also expecting to make grand sales in the Cyber Monday.
Alibaba (BABA), which dominates the Chinese e-commerce market, is a worthy stock. The Singles Day, which happens in China (Just like the Cyber Monday for the US), witnessed sales of over $38 billion for Alibaba.
Another stock which you shouldn’t miss is Lululemon (LULU). It is anticipated to develop with double-digit percentages while expanding its margins. Their gifts are a perfect fit for the athleisure culture, which is the hottest trend.
So, coming back to the question, Black Friday Vs. Cyber Monday? Well, even though Black Friday has existed for decades, it looks like Cyber Monday will be the new hero in town. But irrespective of who wins between them, one thing is for sure, the sellers and consumers are in for the grand holiday treat.
Let us know what you think of these stocks or if you think we should include any other worthy stocks. Happy holidays!
- Yahoo Finance