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Learn moreTracking down the actual best Black Friday deals isn't for the faint-hearted or inexperienced. View at Amazon What we like Check mark icon A check mark. View at Nugget What we like Check mark icon A check mark. Play couch comes in 20 colors and ottoman is available in 10Check mark icon A check mark. View at Amazon What we like Check mark icon A check mark.

Persons: isn't, whittle, we're, Apple, you've, Max, Harry Potter, Max Hulu, We'd, I’ve, Talia Ergas, Puffer, Abercrombie & Fitch, Bonobos, fryer, Ninja Air Fryer, you'll, it's, There's, Apple AirPods, Dyson, Cord, Rihanna, shea Organizations: Business, Apple, Verizon, Amazon Apple, Verizon Apple, Max, Apple Watch, Google, Samsung, Disney, Disney Plus, Hulu, Disney Max, NBC, Football, Peacock Paramount, Paramount, CBS, NFL, Nickelodeon, Comedy Central, BET, MTV, Showtime, Paramount Paramount, Paramount Plus, Paramount Starz, Starz, LG, Smart, Dolby, Amazon LG, Walmart, Amazon, Brands, Abercrombie & Fitch, Abercrombie, Fitch, Abercrombie &, Chino, Nike Air Jordan, Jordans, Nike, Black, Big, Shark, Joybird, Ninja Air, Ninja Air Fryer XL, VR, Meta, Sony, Amazon Sony PS5, Amazon Sony PlayStation, Amazon Samsung, Nova, Nova Pro, Mint Mobile, Mobile, Mint Mobile Samsung Galaxy, Galaxy, XL, Gemini, Dell, Dell Lenovo, Samsung Galaxy Watch, Google Pixel Watch, HP, Amazon Sony WH, WH, Dyson, Army, Navy Locations: Tempur, Balsam

☆ Ramirez: Prices have not necessarily come down this year.
▼ + stars: | 2024-11-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRamirez: Prices have not necessarily come down this year. Jessica Ramirez, Senior Research Analyst at Jane Hali & Associates, discusses the retail landscape for the holiday season. She notes more retailers are starting promotions earlier compared to last year, but prices remain high.

Persons: Ramirez, Jessica Ramirez, Jane Hali Organizations: Associates

☆ Bigger-than-expected discounts led to another holiday spending surge
▼ + stars: | 2024-11-29 | by ( Auzinea Bacon | ) edition.cnn.com time to read: +2 min

CNN —Holiday shoppers got an early jump on Black Friday shopping this year, spending a record $6.1 billion on Thanksgiving, according to Adobe Analytics. Sales on the holiday increased year-over-year by 8.8%, a jump from 2023, which saw Thanksgiving sales climb by 5.5% as consumers looked to keep stretching their dollar. Shoppers found their phones were more convenient than their computers to make purchases this year, making up almost 60% of online sales. The “Buy Now, Pay Later” installment payment plan options gained more popularity as well, driving $430 million in online spending. Adobe expects Black Friday sales will set more online records, predicting $10.8 billion in spending with electronics as the most popular purchase.

Persons: Vivek Pandya Organizations: CNN, Adobe Analytics, Mobile, Shoppers, Adobe Digital, Adobe, Black, National Retail Federation Locations: chatbots

☆ UBS names its top retail stock picks this holiday shopping season
▼ + stars: | 2024-11-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

As holiday shopping gets into full swing, several retailers are poised to outperform, according to UBS. Nearly 25% of consumers plan to spend more this holiday season compared to last year, data from UBS shows. Here are some of the softline retail stocks on the UBS buy list. The names all have a premium position in the marketplace and the best opportunity to "go it alone," without malls or third parties to drive consumer engagement and sales growth, Sole said. "Not only should these companies outperform because of their long-term growth opportunities, but also these growth stocks have the best chance of maintaining or regaining high P/Es," Sole said.

Persons: Jay Sole, Sole, Softline Organizations: UBS

☆ Ditch all the negativity: Here's what can go right to lift each of our 34 stocks
▼ + stars: | 2024-11-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +20 min

To counter that, Jim Cramer has said investors should not lose sight of what can go right for their stocks. Smooth chip updates: AMD needs to successfully carry out its annual release cycle for AI chips. That needs to be sustained to justify Meta's heavy spending on AI chips. Nevertheless, correcting this dynamic should translate into faster revenue growth rates. Palo Alto Networks Bigger deals: Cybersecurity is a secular growth market: As the number of bad actors grows, companies can't afford to not invest in defense.

Persons: Jim Cramer, Abbott, Donald Trump, Trump, Joe Biden, Eaton, Eli Lilly, Eli Lilly's GLP, Lilly, Hurricanes Helene, Milton, Elliott Management's, Elliott, Jim, Linde, Morgan Stanley Lower, Morgan, Biden, –, Jensen Huang, Palo, Stanley Black, Brian Niccol's, Wells, Jim Cramer's, Timothy A, Clary Organizations: Abbott, Devices, Microsoft, AMD, Nvidia, Justice Department, Services, Trump, Apple, Apple Intelligence, Federal, Bristol Myers Squibb, Bristol Myers, Broadcom, Constellation Brands, Modelo, Costco, U.S, Netflix, Coterra Energy, LNG, DuPont, GE Healthcare, GE, Hurricanes, Honeywell Business, Honeywell, Linde, Meta, Facebook, Federal Reserve, GOP, Nvidia's, Industry, Palo Alto, Decker, Starbucks, Walt Disney Parks, TJX, Jim Cramer's Charitable Trust, CNBC, Traders, New York Stock Exchange, Getty Locations: U.S, BlackRock, Corona, China, Dover, –, New York City

☆ Stocks making the biggest moves premarket: MicroStrategy, Applied Materials, Robinhood and more
▼ + stars: | 2024-11-29 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

The stock has seen massive gains this year, surging more than 515%. Chip equipment stocks — Shares of chip equipment stocks moved higher on a report that the Biden administration is considering more restrictions on sales of semiconductor equipment and artificial intelligence memory chips to China that may be less strict than expected. Walmart , the country's largest retailer, rose more than 0.2%, while shares of Target and Costco , advanced 0.6% and 0.3%, respectively. Robinhood — The brokerage firm climbed 3% premarket, continuing a postelection rally, after the U.S. Securities and Exchange Commission approved the creation of a 24-hour stock exchange by startup 24 Exchange, paving the way for round-the-clock trading. Zeta Global Holdings — The marketing software company rose 5% after its CEO said Wednesday on CNBC's "Closing Bell" that a recent short seller's report was "erroneous."

Persons: Biden, Robinhood, —, Jesse Pound, Yun Li Organizations: Lam Research, KLA Corporation, ASML, Bloomberg, Walmart, Target, Costco, U.S . Securities, Exchange Commission, Trump, Zeta Global Holdings Locations: China

☆ The Container Store could be the next big chain to go bankrupt
▼ + stars: | 2024-11-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

New York CNN —Even the power of Marie Kondo may not be enough to save the Container Store. In 2019 and 2020, the Container Store got a big boost from “Tidying Up,” the hit Netflix show from the home de-cluttering evangelist. Credit rating agencies rank the Container Store as one of the most financially distressed companies in the retail industry. The Container Store had been set to receive a much-needed $40 million financial lifeline from Beyond, the owner of Bed Bath & Beyond and Overstock.com, that would have put Bed Bath & Beyond products on Container Store shelves. “The rise of platforms like Temu have given consumers some much cheaper options for the type of products Container Store sells,” Saunders said.

Persons: Marie Kondo, Kondo, Marie, Melissa Reiff, Joann Fabric, Justin Sullivan, Tim Hynes, ” Neil Saunders, Satish Malhotra, “, ” Saunders, Christina Boni, ”, “ It’s Organizations: New, New York CNN, Netflix, Research, Bed, GlobalData, CNN, Target, Container, ModernRetail, Walmart, Moody’s Locations: New York, Amazon

☆ Organic eggs at 25 Costco stores were recalled for Salmonella risk
▼ + stars: | 2024-11-29 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +1 min

AdvertisementThe FDA said organic eggs sold in some Costcos are being recalled for Salmonella concerns. It's time to check your fridge if you picked up organic eggs during your last Costco run. Due to Salmonella concerns, organic eggs sold at Costco are being recalled in five states. AdvertisementOn Wednesday, the Food and Drug Administration announced that 10,800 retail units of 24-count organic eggs sold under Costco's Kirkland brand are being recalled. The recall specifically applies to Costco organic eggs with the Julian code 327 and a "Use By" date of Jan 5, 2025.

Persons: Costco's Kirkland, Julian Organizations: FDA, Costco, Food and Drug Administration Locations: New York, Costcos, Alabama , Georgia, North Carolina, South Carolina, Tennessee

☆ As retailers enter the holiday shopping season, the winners are pulling away from the pack
▼ + stars: | 2024-11-29 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Target , Kohl's and Best Buy each reported disappointing third-quarter results as early holiday deals fell short of meaningfully boosting their businesses. Choosy consumers have made the gulf between successful and struggling retailers even more stark heading into the holiday shopping season, said Neil Saunders, managing director of GlobalData Retail. That's a smaller year-over-year increase than the 3.9% jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Dick's and Abercrombie both hiked their full-year outlooks this week and said they expect a strong holiday shopping season. Kohl's warned it will have a deeper-than-expected drop in sales and announced a change in CEO ahead of the crucial shopping season.

Persons: Victor J, Fitch, Neil Saunders, Abercrombie, Scott Lipesky, Erik Nordstrom, Wall, John David Rainey, Rainey, Rick Gomez, Taylor Swift Organizations: Blue, Bloomberg, Getty, Walmart, Dick's Sporting Goods, Abercrombie, GlobalData, National Retail Federation, Nordstrom, CNBC, Target Locations: Clifton , New Jersey, U.S

☆ Photos show Black Friday crowds at retailers across the US even as more shoppers move online
▼ + stars: | 2024-11-29 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

AdvertisementEven as online Black Friday shopping increases, people still formed lines at stores across the US. Crowds descended on stores like Best Buy and shopping centers like the American Dream mall. Target attracted in-person Black Friday shoppers with exclusive in-store Taylor Swift merchandise. Retailers like Target also drew customers to brick-and-mortar locations by releasing exclusive Taylor Swift merchandise in-store on Black Friday before making it available online the following day. Take a look at Black Friday crowds across the US.

Persons: Taylor Swift Organizations: Target, National

☆ Stocks making the biggest moves midday: Advance Auto Parts, Robinhood, chip equipment makers and more
▼ + stars: | 2024-11-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Chip equipment stocks — Global chip equipment stocks rose on news that the Biden administration is considering further sanctions on sales of semiconductor equipment and artificial intelligence memory chips to China that could be less strict than earlier proposals. Advance Auto Parts — Shares dropped 7% after credit rating agency Moody's Ratings downgraded the auto parts company's senior unsecured debt to Ba1, below investment grade, according to FactSet. Hasbro — Shares jumped 2% after Elon Musk floated the prospect of acquiring the toymaker to secure the rights to Dungeons & Dragons. Zeta Global Holdings — The marketing software stock climbed 5.5% after the company's CEO called a recent short seller report "erroneous" on CNBC's "Closing Bell" on Wednesday. Crypto stocks — Stocks tied to the price of bitcoin rose as the cryptocurrency climbed closer to the $100,000 milestone.

Persons: Biden, ASML, Robinhood, Moody's, Elon Musk, Stocks, Yun Li, Jesse Pound, Hakyung Kim, Sarah Min, Sean Conlon, Pia Singh, Tanaya Macheel Organizations: Materials, KLA Corporation, Lam Research, Bloomberg, U.S . Securities, Exchange Commission, Trump, Advance, Hasbro —, Elon, U.S . Target, Costco, Walmart, Zeta Global Holdings, Holdings Locations: China, Dutch, Ba1

☆ The top 10 things to watch in the stock market this Black Friday
▼ + stars: | 2024-11-29 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

The top 10 things to watch Friday, Nov. 29 1. (Anything above a plus 4% would indicate the market is overbought; anything below a minus 4% would indicate the market is oversold.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. Chona Kasinger | Bloomberg | Getty ImagesThe top 10 things to watch Friday, Nov. 29

Persons: Biden, Wedbush, —, Lina Kahn, Donald Trump, Kamala Harris, CNBC's Gabrielle Fonrouge, Harris, Jim Cramer's, Jim Cramer, Jim, Satya Nadella, Chona Kasinger Organizations: Treasury, Bloomberg, Federal Trade Commission, Microsoft, FTC, Trump White House, Reuters, National Retail Federation, Deloitte, President, Trump, Walmart, Target, Dick's Sporting Goods, Costco, CNBC, Jim Cramer's Charitable, Getty Locations: China, Australia, Redmond , Washington

The tariffs would be a significant escalation of Trump’s previous proposal, which was already a major increase on more targeted tariffs enacted during Trump’s first administration and kept in place by President Joe Biden. Canada is similarly considering its own options, including possible tariffs on U.S. goods, according to The Associated Press. America’s biggest import from Canada is oil — and any increase in energy prices would likely be felt throughout the economy. And in her statement reacting to Trump’s posts, Mexico’s Sheinbaum stated caravans of migrants were no longer reaching the border. And now he’s talking about tariffs to punish Mexico and Canada for not enforcing drugs and migrants across the border.

Persons: Donald Trump, Trump, Trump’s, Joe Biden, Claudia Sheinbaum, ” Ernie Tedeschi, Biden, Corie Barry, “, ” Barry, ”, Kayleigh McEnany, Dan Crenshaw, doesn’t, Steve Forbes, Mexico’s Sheinbaum, Douglas Irwin, mingles, you’re, ” Irwin Organizations: Yale, NBC News, Associated Press, America’s, Canada —, NBC, National Retail Federation, ”, Trump, ” Fox News, Fox News, Centers for Disease Control, U.S . Drug, Administration, U.S . Customs, Border Patrol, Dartmouth University Locations: Mexico, Canada, U.S, China, Texas

☆ 5 things to consider buying before new tariffs take effect
▼ + stars: | 2024-11-28 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

Such tariffs have the potential to significantly increase the prices consumers pay on nearly everything that isn’t made entirely in the US, of which there are very few goods. And as we witnessed during the pandemic, “stockpiling by consumers can actually lead to higher prices in and of themselves and empty store shelves,” he said. That said, here are five items that are likely to get more expensive with any new tariffs Trump imposes that may make sense to purchase before he takes office. But if you need a new one – or will soon – now’s a good time to consider buying. E-bikesOne item that tops the list of things that could get spendier under Trump’s tariffs is e-bikes, Lincicome told CNN.

Persons: Donald Trump’s, Trump, he’s, isn’t, Scott Lincicome, –, ” Lincicome, Ed Brzytwa, Gary Shapiro, “, Corie Barry, Lincicome, “ It’s, Donald Trump Organizations: New, New York CNN, Peterson Institute for International Economics, Cato Institute, Trump, National Retail Federation, Consumer Technology Association, CTA, CNN, “ Locations: New York, Mexico, Canada, China, US

☆ Amazon workers plan global protests during the Black Friday shopping weekend for the fifth year in a row
▼ + stars: | 2024-11-28 | by ( Katherine Long | ) www.businessinsider.com time to read: +5 min

It's the fifth year Amazon workers have protested during the major shopping weekend. The protests are part of the fifth annual Make Amazon Pay campaign, organized by a coalition of labor and progressive organizations. The Amazon Labor Union, which represents roughly 5,500 workers in a Staten Island warehouse, voted in June to affiliate with the Teamsters. AdvertisementWhat about Amazon's climate footprint? Significant delays haven't occurred as a result of Make Amazon Pay protests in prior years, and it seems unlikely they will impact shipping times this year.

Persons: It's, Amazon, Jeff Bezos, Eileen Hards, We've, Karen Ducey, Eliza Pan, Hards, Andy Jassy Organizations: Black, Workers, Retail, Wholesale, Department Store Union, Amazon, Teamsters Union, Amazon Labor Union, Teamsters, Amazon Employees, Climate Justice, Seattle Times Locations: U.S, New Delhi, New York City, Staten Island, California , Kentucky, Atlanta, Seattle

☆ Ikea warns Trump’s tariffs could push up prices
▼ + stars: | 2024-11-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“We have never experienced a period of benefit when we had high tariffs,” he said, referring both to Ikea and the global economy. We will need to understand and adapt.”On Monday, President-elect Trump promised massive hikes in tariffs on goods coming from Mexico, Canada and China. The bulk of Ikea’s goods — some 70% — are produced in Europe, with the remaining 30% made in Asia, mostly China. Last year, Ikea cut prices on roughly 2,000 products — at a cost of more than €2 billion ($2.1 billion) — to give inflation-weary consumers a break. Ikea's Frakta bag displayed in Munich during a celebration of the brand's 50th anniversary in Germany on October 17, 2024.

Persons: Donald Trump’s, ” Jesper Brodin, ”, Trump, Claudia Sheinbaum, Tom Madrecki, General Mills, Molson, Ikea’s Brodin, Hus, Johannes Simon Organizations: London CNN, Ingka, CNN, Ikea, Consumer Brands Association, Molson Coors, Oxford Locations: Mexico, Canada, China, United States, Europe, Asia, Munich, Germany, Wembley, Croydon, London

As part of the UGG Black Friday sale, the brand is offering up to 55% off select styles. Beyond just UGG shoes, this Black Friday you can find discounted UGG apparel, like loungewear and accessories, for creating head-to-toe cozy ensembles. Keep reading to discover our favorite UGG styles included in the sale. The best UGG Black Friday dealsUGG New Heights Clog $90.99 $130.00 Save 30% The New Heights suede clogs are a prime example of "cottagecore" fall fashion. View at ZapposFAQs on the UGG Black Friday saleWhen does the sale start and end?

Persons: Frankie Organizations: Business, UGG Locations: DSW, Zappos, United States

☆ Consumers are willing to pay full price when the product is good, says SW Retail’s Stacey Widlitz
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are willing to pay full price when the product is good, says SW Retail’s Stacey WidlitzCoresight Research CEO Deborah Weinswig and SW Retail Advisors’ Stacey Widlitz, join 'Power Lunch' to discuss the read on retail holiday shopping.

Persons: Stacey Widlitz, Deborah Weinswig, ’ Stacey Widlitz Organizations: Consumers

☆ We should see consumer behave in healthier fashion moving forward: Neuberger Berman's John San Marco
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe should see consumer behave in healthier fashion moving forward: Neuberger Berman's John San MarcoJohn San Marco, Neuberger Berman portfolio manager, joins 'Closing Bell Overtime' to talk the recent slate of retail earnings, the impact of tariffs on consumers, and more.

Persons: Neuberger Berman's John San Marco John San Marco, Neuberger Berman

☆ China's industrial profits fall by 10% in October as deflation worries linger
▼ + stars: | 2024-11-27 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

China's industrial profits dropped by 10% in October from a year ago, in another sign that Beijing's stimulus measures have yet to reverse a slump in corporate earnings. Industrial profits are a key gauge of the financial health of factories, mines and utilities in China. In the first ten months, profits at China's industrial firms decreased by 4.3% from a year ago, the National Bureau of Statistics said in a statement Wednesday. China's consumer price index in October rose slower than expected, edging up 0.3% from a year ago, marking the slowest rise since June. Meanwhile, producer price index fell 2.9% on year, showing that deflation deepened from the 2.8% drop in the prior month.

Persons: — CNBC's Evelyn Cheng Organizations: National Bureau of Statistics, PMI Locations: Oriental, Lianyungang Port, Lianyungang, China

☆ The consumer is stressed, says Oppenheimer's Brian Nagel
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe consumer is stressed, says Oppenheimer's Brian NagelBrian Nagel, Oppenheimer retail analyst, joins 'Closing Bell' to discuss the retail picture going into holiday shopping season.

Persons: Oppenheimer's Brian Nagel Brian Nagel, Oppenheimer

☆ Stocks making the biggest moves midday: Nordstrom, Dell, SolarEdge Technologies and more
▼ + stars: | 2024-11-27 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

Nordstrom's third-quarter revenue of $3.46 billion did come in above the $3.35 billion LSEG consensus. HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share, versus a FactSet estimate of 85 cents per share. Dell Technologies — The PC maker saw shares plunge 13% after the firm reported a revenue miss and forecast fourth-quarter revenue and earnings below Wall Street expectations. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Analysts surveyed by LSEG were looking for earnings of $2.12 per share on $1.62 billion in revenue.

Persons: Nordstrom, Erik Nordstrom, Nordstrom's, Stocks, Robinhood, George Kurtz, Ambarella, LSEG, StreetAccount, Janesh Moorjani, SolarEdge, Symbotic, Yun Li, Tanaya Macheel, Michelle Fox, Jesse Pound, Samantha Subin, Sean Conlon Organizations: HP —, HP, Outfitters, LSEG, Revenue, Dell Technologies, Dell, Autodesk, SolarEdge Technologies

☆ I started a business where I got paid to play 'Dungeons & Dragons' with people. 3 years later, we run 180 games a month at our main studio, and I'm living the nerdworld dream.
▼ + stars: | 2024-11-27 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +5 min

Inspired by Critical Role, Najid and his partners opened a studio for paid D&D games in 2021. We began to get more bookings, and the single-room studio space wasn't enough. AdvertisementSetting up a proper studio space, too, has improved the player experience. There's also a community space outside our main studio, where people can hang out before and after their "D&D" games. Right now, I still run games — but I've limited it to a yearlong campaign for a small group of players.

Persons: Farez Najid, Najid, Shou Zi Chew, I'd, Cheryl Teh, Jodie Yeo, Dennet Krishnan, prepped, There's, We've Locations: Singapore

☆ Exxon is the best oil stock, as its big bet on cutting carbon emissions should pay off, UBS says
▼ + stars: | 2024-11-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Exxon Mobil 's new businesses aimed at lowering carbon-dioxide emissions are a long-term growth engine that will deliver earnings by the end of the decade, according to UBS. UBS has a 12-month price target of $149 for Exxon, indicating about 22% upside from Friday's close of $121.79 per share. The oil major is investing some $20 billion in a suite of emissions-reducing businesses including carbon capture and storage, biofuels, lithium and hydrogen through 2027. Balanced growth Exxon's $20 billion investment in low-carbon businesses represents about 13% of the company's total capital expenditures through 2027. The company's downstream refining and retail sales business should grow earnings by $4 billion starting in 2027, according to UBS.

Persons: Josh Silverstein, Silverstein, Trump Organizations: Exxon Mobil, UBS, Exxon, U.S, Baytown Hydrogen Locations: U.S, Baytown, That's, Guyana

☆ Amazon is JPMorgan's best idea for the holidays
▼ + stars: | 2024-11-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Consider adding Amazon to your holiday stock shopping list, according to JPMorgan. Analyst Doug Anmuth named the stock its best idea heading into the holiday stretch, citing expectations for 7.5% year-over-year growth and online shopping market share gains. Shares have rallied 36% this year, with the firm's $250 price target implying 20% upside from Tuesday's close. "Amazon maintains a leading ~45% share of US e-comm & enters the holiday season with strong momentum from early holiday promotions, [same-day/1-day delivery], regionalization, expansion of the Prime ecosystem, & competitive prices," he wrote. Amazon shares have popped more than 35% year to date, and analysts see more upside ahead.

Persons: Doug Anmuth, Anmuth, Amazon's Organizations: JPMorgan

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