Comscore says that e-commerce spending on the Friday after Thanksgiving rose 42% to $434 million. That has to be good news for Amazon, which is the largest online retail site in the US by fair with 45 million unique visitors in September.
It is also safe to assume that Wal-Mart should have done well, but its site was down part of the day with traffic problems. It had 22.8 million uique visitors in September. Target’s site sat in third place with 20.9 million visitors.Â
Amazon’s stock has had a good run, from below $33 on October 23 to its current price above $42. If e-commerce news stays good for the holidays, it could go higher.
Douglas A. McIntyre can be reached at [email protected]. He does not own shares in companies that he writes about.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
