Cyber Monday, Black Friday Sales Explode: 5 'Strong Buy' Stocks Were Huge Winners

Best Buy

With electronics and video games big holiday shopping winners, this top retailer is quite attractive now. Best Buy Inc. (NYSE: BBY) retails technology products in the United States and Canada, such as desktops, notebooks and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness, home theater, portable audio comprising headphones and portable speakers, and smart home products.

Its stores also offer appliances, such as dishwashers, laundry, ovens, refrigerators, blenders, coffee makers and vacuums; entertainment products consisting of drones, peripherals, movies, music and toys, as well as gaming hardware and software, and virtual reality and other software products; and other products, such as baby, food and beverage, luggage, outdoor living and sporting goods.

In addition, Best Buy provides consultation, delivery, design, health-related, installation, memberships, repair, set-up, technical support and warranty-related services. The company offers its products through stores (1,144 as of January 30, 2022) and various websites.

Note that the company posted very solid third-quarter results and the stock has been on fire over the past month.

Best Buy stock investors receive a 4.29% dividend. Piper Sandler’s $91 target price is a Wall Street high. The consensus target is $81.50, and the stock closed at $85.30 on Wednesday.


Some across Wall Street think this company was one of the biggest cyber winners over the period. Shopify Inc. (NASDAQ: SHOP) provides a commerce platform and services in North America, Europe, the Middle East and elsewhere.

The company’s platform enables merchants to display, manage, market and sell products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons and marketplaces. It enables them to manage products and inventory; process orders and payments; fulfill and ship orders; find new buyers and build customer relationships; source products; leverage analytics and reporting; manage cash, payments and transactions; and access financing.

Shopify also sells custom themes and apps and registration of domain names, and its merchant solutions include accepting payments, shipping and fulfillment, as well as securing working capital.

The company posted a record-setting Black Friday and Cyber Monday weekend, with sales of $7.5 billion from independent businesses worldwide. That was a stunning 19% increase in sales from the same weekend in 2021.

Oppenheimer recently initiated coverage with a $45 target price. The consensus target for Shopify stock is lower at $40.65. The stock closed over 10% higher on Wednesday at $40.88 in the wake of fantastic quarterly results.

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