From Nasdaq: 2024-11-19 05:00:00

Zacks.com highlights retail stocks like Amazon.com, Abercrombie & Fitch, Target Corp., and Carvana Co. as strong buys ahead of the holiday season. Retail sales rose 0.4% in October, beating expectations, with online sales up 0.3%. Holiday sales are projected to rise 3.7% in 2024, with online sales expected to jump 10.1%.

Amazon.com is a dominant player in e-commerce and cloud computing with expected earnings growth of 78.3%. Abercrombie & Fitch and Target Corp. also show strong growth potential with expected earnings growth rates of 64.2% and 6.8%, respectively. Carvana Co. is a leading e-commerce platform for used cars with an expected earnings growth rate of 38.7%.

Experts have identified 7 elite stocks, including Amazon.com, Target Corp., Abercrombie & Fitch, and Carvana Co., as the most likely for early price pops. These stocks have historically outperformed the market with an average gain of +23.7% per year since 1988. Access these top stock picks for free now.



Read more at Nasdaq: The Zacks Analyst Blog Highlights Amazon.com, Abercrombie & Fitch, Target and Carvana