Shares of retail stocks are trading higher amid holiday sales events including Black Friday and Cyber Monday. Mastercard SpendingPulse data showed US retail sales on Friday increased 2.5% year over year while e-commerce sales rose 8.5%.
Portfolio Pulse from Benzinga Newsdesk
Retail stocks are up due to Black Friday and Cyber Monday sales events. Mastercard SpendingPulse reported a 2.5% increase in US retail sales and an 8.5% rise in e-commerce sales compared to last year.
November 27, 2023 | 5:54 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Abercrombie & Fitch Co. may see a positive impact due to increased retail sales during Black Friday and Cyber Monday.
As a retail company, ANF is expected to benefit from the overall increase in retail sales during major shopping events, which could lead to a short-term stock price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Crocs, Inc. could experience a short-term positive impact from the reported rise in retail and e-commerce sales.
Crocs, Inc. stands to gain from the general uptick in retail and e-commerce sales, potentially leading to a positive effect on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
e.l.f. Beauty, Inc. shares may rise following the positive retail sales data from Black Friday and Cyber Monday.
The increase in retail and e-commerce sales is likely to have a favorable impact on e.l.f. Beauty, Inc., which could translate into a short-term stock price appreciation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Gap, Inc. might see its stock price benefit from the positive sales trends during the holiday shopping events.
Given the reported sales increases, The Gap, Inc. is likely to experience a positive short-term impact on its stock price due to its presence in the retail sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Lululemon Athletica Inc. stands to gain from the reported increase in retail and e-commerce sales, potentially boosting its stock price.
As a retailer, Lululemon Athletica Inc. is poised to benefit from the overall sales growth during key shopping days, which could lead to a positive short-term stock movement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Skechers U.S.A., Inc. may see a positive impact on its stock price following the increase in holiday sales.
The positive sales data suggests that Skechers U.S.A., Inc. could benefit from the heightened retail activity, potentially leading to a short-term stock price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Under Armour, Inc. could experience a short-term stock price increase due to the positive retail sales data.
The reported uptick in sales is likely to positively influence Under Armour, Inc.'s performance, potentially leading to a rise in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Under Armour, Inc. (Class A) is expected to see a positive impact on its stock price from the increased retail and e-commerce sales.
As the Class A shares of Under Armour, Inc., UAA is anticipated to benefit from the same positive sales trends, which could lead to a short-term uptick in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80