Stocks & ETFs in Focus on Cyber Monday
Portfolio Pulse from
Cyber Monday online sales are projected to reach a record $13.2 billion, surpassing Black Friday and marking a 6.1% increase from last year.
December 02, 2024 | 3:45 pm
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Amazon is likely to benefit from the record-breaking Cyber Monday sales, which are expected to reach $13.2 billion, a 6.1% increase from last year.
Amazon, being a major player in online retail, is expected to benefit from the increased consumer spending on Cyber Monday. The projected sales growth of 6.1% from last year indicates strong consumer demand, which could positively impact Amazon's short-term stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80