Adobe Releases Online Shopping Forecast For The 2023 Holiday Season; Expects US Online Holiday Sales To Reach $221.8B, Representing 4.8% Growth YoY And Sees Cyber Monday Spending $12B
Portfolio Pulse from Bill Haddad
Adobe has released its online shopping forecast for the 2023 holiday season, predicting US online holiday sales to reach $221.8B, a 4.8% growth YoY. The company also expects Cyber Monday spending to hit $12B.
October 05, 2023 | 12:17 pm
News sentiment analysis
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POSITIVE IMPACT
Adobe's forecast of increased online sales for the 2023 holiday season could indicate a positive outlook for the company's performance.
Adobe's forecast of increased online sales for the 2023 holiday season could indicate a positive outlook for the company's performance. This could potentially lead to increased investor confidence and a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Adobe's forecast of increased online sales for the 2023 holiday season could indicate a positive outlook for the online retail sector, potentially benefiting the Global X E-commerce ETF (EBIZ).
Adobe's forecast of increased online sales for the 2023 holiday season could indicate a positive outlook for the online retail sector. As EBIZ is an ETF that tracks the performance of companies involved in the e-commerce sector, this news could potentially have a positive impact on its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Adobe's forecast of increased online sales for the 2023 holiday season could indicate a positive outlook for the broader market, potentially benefiting the SPDR S&P 500 ETF (SPY).
Adobe's forecast of increased online sales for the 2023 holiday season could indicate a positive outlook for the broader market. As SPY is an ETF that tracks the performance of the S&P 500, this news could potentially have a positive impact on its price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Adobe's forecast of increased online sales for the 2023 holiday season could indicate a positive outlook for the retail sector, potentially benefiting the SPDR S&P Retail ETF (XRT).
Adobe's forecast of increased online sales for the 2023 holiday season could indicate a positive outlook for the retail sector. As XRT is an ETF that tracks the performance of the retail sector, this news could potentially have a positive impact on its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70