Record-breaking Cyber Monday sales expected to reach $13.2 billion, benefiting e-commerce and tech companies

From Nasdaq: 2024-12-02 09:30:00

The holiday shopping season kicked off with a bang as Americans spent a record $10.8 billion online on Black Friday, up 10% from last year. Cyber Monday sales are expected to hit a record-breaking $13.2 billion, with a total Cyber Week spending of $40.6 billion, according to Adobe Analytics. (Source: Zacks)

More than half of Black Friday online sales were made through smartphones, totaling $5.9 billion, a significant increase from previous years. Thanksgiving online spending also saw a record of $6.1 billion, up 8.8% year over year. E-commerce players are expected to benefit the most from Cyber Monday sales. (Source: Zacks)

Key retailers like Amazon, Walmart, Target, Best Buy, and Kohl’s are offering attractive deals for Cyber Monday. Amazon’s deals include up to 50% off tech products, while Walmart is offering 50% off for Walmart Plus members. Target has discounts up to 50% on tech and apparel, and Best Buy has 50% off on various products. (Source: Zacks)

Investors looking to capitalize on the surge in e-commerce and consumer spending this Cyber Monday can consider ETFs like XLY, IBUY, EBIZ, XLK, and IYT. These ETFs focus on sectors like consumer discretionary, e-commerce, technology, and logistics, offering exposure to key players in online retail. (Source: Zacks)

A growing trend in investing is the rise of socially responsible ETFs, catering to consumers who prefer sustainable brands. ETFs like ICLN and SHE focus on companies with strong environmental and social practices, presenting opportunities for investors looking to align their investments with their values. (Source: Zacks)



Read more at Nasdaq: Stocks & ETFs in Focus on Cyber Monday