The tallies are still coming in, but after the newly found Thanksgiving Day shopping bonanza by the likes of Target (TGT), Walmart (WMT), Best Buy (BBY) and others, as well as the more traditional Black Friday kick-off to holiday shopping, it appears the big winner was online shopping.
Data from Adobe Systems (ADBE), which analyzed 180 million visits across more than 1,000 U.S. retail websites, suggests that online shopping on Thanksgiving Day itself totaled $1.06 billion. Breaking down that Adobe-generated data, roughly 21% of all Thanksgiving online sales came through mobile devices this year, with $152 million spent via tablets and more»
One of the fascinating and, at times, frustrating parts in analyzing an industry is how it evolves over time — new products, new services, new competitors and new technologies. All of these can have a profound effect on an industry. When more than one innovation is hitting at once, it can result in a sea change. In today’s society, you probably are thinking of the current go-to product — the smartphone — but there are a number of examples.
One high-flying stock up until recently was electric car manufacturer Tesla Motors (TSLA). Even though there were hybrid cars from the likes more»
With the U.S. stock market valuations looking robust in the face of prospects for a step-down in economic activity in the near term, I’m searching for other opportunities elsewhere for subscribers to my investment newsletter PowerTrend Profits. While not robust, the vector — or direction — of the economic data coming out of both the euro zone and Asia is far better than that on the home front, where we continue to be plagued by tepid job creation and tight wages. Both the euro zone and China have emerged from contracting economies, and recent new-order and backlog data points more»
During the last several years, subscribers to my investment newsletter, PowerTrend Profits, and before that the mutual funds and hedge funds that I worked with, each made big money by investing in my Rise and Fall of the Middle Class PowerTrend. For those of you who are not familiar with this particular PowerTrend, it identifies those companies that are poised to benefit from pressured, if not falling, disposable income in the developed markets, such as the United States and Western Europe, as well as those geographies with rising disposable incomes. The latter category includes Latin America, Asia and more»
If you were surprised by this week’s “stunning” news that once king-of-the-hill smartphone vendor BlackBerry (BRRY) and its shares took another leg down, I have to say you should be reading my investment newsletter PowerTrend Profits. In addition to firing Chief Executive Officer (CEO) Thorsten Heins, BlackBerry also opted for a $1 billion fundraising plan from its largest shareholder rather than $4.7 billion rescue bid.
The way the media is reporting it, it was BlackBerry that opted for the change in terms, but I am more inclined to think it was Fairfax Financial, the company’ s largest shareholder, that altered more»
If you’re like me, you are probably snacking today on all of that leftover Halloween candy from last night. Just like you, I have a favorite candy bar, and it’s the Kit Kat by The Hershey Company (HSY). As I nosh on a few more pieces of this delectable treat today, we have to take account of the fact that the year-to-date stock market return through the end of October is up more than 23%. That’s an impressive run, and, while I love stocks long-term, there are some reasons to be concerned in the short term.
One of the bigger ones more»
We’re hip deep in corporate earnings this week. More than 1,000 companies are sharing their quarterly results with us. We entered the week with overall earnings reports producing a mixed bag — IBM (IBM) missed due to weakness in Asia, while Del Frisco’s (DFRG) and Darden International (DRI) cited weak consumer spending and restaurant traffic for falling short.
There were some high fliers last week in the form of General Electric (GE) and Chipotle Mexican Grill (CMG), but at best corporate earnings for the September quarter have been mixed thus far. According to FactSet, of the 97 S&P 500 companies more»
It looks like we got some good news and bad news this week.
The good news — if you can call it that — is we have a “deal” in Washington that will end the government shutdown and fund the government for a few more months.
The bad news is there was no real progress, despite the shutdown and all of the political blustering. In my opinion, Washington simply hit the snooze button. Much like trying to crib a few more minutes before facing the day, we now have a little while until we have to really deal with the debt ceiling more»