The holiday season kicks off with intense Christmas shopping, prayers from retail workers and amazing discounts on Black Friday and Cyber Monday stocks to buy.
Black Friday and Cyber Monday are two of the biggest shopping days in the U.S., and this week investors have been narrowing down the list of companies that are seeing the strength of consumer spending in light of the pandemic. So far, positive earnings reports have led investors to believe shoppers have become more inclined to re-open their wallets and buy — big time — this holiday shopping season.
The strong start the stock market has already been seeing so far means that discounts on stocks to buy won’t last for long…
With the Christmas spirit already sweeping through my town, I’m keeping up with my jolly mood by giving away three Black Friday and Cyber Monday stocks to buy this week… and they’re all trading at a discount.
My first stock pick for you has teenage angst written all over it: Abercrombie & Fitch (NYSE: ANF).
The company has seen some massive call buying, and last week’s earning report showed that the companies crushed all expectations, leaving investors shocked. ANF has really shifted its focus from the teen market over to e-commerce, and sales have really skyrocketed because of the move… not to mention Black Friday and Cyber Monday sales will only add on to the companies revenue.
For my active traders out there, this you might be familiar with Lululemon Athletica Inc (Nasdaq: LULU). Lululemon is an athletic apparel retailer that sells both online and to over 400 stores globally.
This Black Friday and Cyber Monday stock to buy started to really become popular as of late (and especially since people literally have nothing better to do than workout during the COVID-19 pandemic), and the company just acquired the MIRROR…
For those who haven’t seen the advertisements for this bad boy yet, it’s literally a mirror where you can virtually see a trainer and workout with them — all in the comfort of your home, just like a Peloton.
Lastly, there’s my third stock pick, which has even been compared to Amazon before. I want to go into more detail on this one, so watch the video for more, including the stock’s name and ticker symbol, and make sure to leave a comment down below! Have you ever traded the stocks I mentioned? What have been your favorite Black Friday and Cyber Monday stocks to buy so far? Let me know in the comments!