Salesforce Says Cyber Week US Online Sales Reached $70.8B, Up From $68B Last Year
Portfolio Pulse from Benzinga Newsdesk
Salesforce reported that Cyber Week US online sales hit $70.8B, marking an increase from $68B the previous year. This indicates a continued growth in e-commerce activity during a key shopping period.

November 28, 2023 | 8:25 pm
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POSITIVE IMPACT
Salesforce's report on the increase in Cyber Week US online sales to $70.8B from $68B last year reflects positively on the company's insights into e-commerce trends.
Salesforce's report on increased online sales during Cyber Week suggests that the company's services and insights are valuable to the e-commerce industry. This positive data could lead to increased investor confidence in Salesforce's business model and its role in the digital economy, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The increase in Cyber Week US online sales reported by Salesforce may have a positive impact on the Global X E-commerce ETF (EBIZ), which tracks companies involved in the e-commerce industry.
As the Global X E-commerce ETF (EBIZ) is composed of companies in the e-commerce sector, the reported increase in online sales during Cyber Week by Salesforce is likely to have a positive impact on the performance of the ETF. This could lead to increased investor interest in EBIZ, potentially driving up its price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The reported growth in Cyber Week US online sales may positively influence the SPDR S&P Retail ETF (XRT), which includes e-commerce companies among its holdings.
The SPDR S&P Retail ETF (XRT) holds a variety of retail companies, including those with significant online operations. The increase in Cyber Week sales reported by Salesforce suggests a robust performance in the retail sector, particularly in e-commerce, which could lead to a positive short-term impact on XRT's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70