tl;dr
The 2023 holiday season saw a significant boost in online shopping, with a record-breaking $222 billion spent at online retailers. This marked a 4.9% year-over-year increase, as reported by Adobe Analytics. November accounted for more than half of this total, with $123.5 billion spent, representing ...
The 2023 holiday season saw a significant boost in online shopping, with a record-breaking $222 billion spent at online retailers. This marked a 4.9% year-over-year increase, as reported by Adobe Analytics. November accounted for more than half of this total, with $123.5 billion spent, representing a 6% increase from the previous year. Notably, the period between Thanksgiving and Cyber Monday, known as Cyber Week, saw a significant uptick in online spending, reaching $38 billion, a 7.8% year-over-year increase. In December, $98.6 billion was spent online, marking a 3.7% increase from the previous year. Notably, the usage of "buy now, pay later" payment options hit an all-time high, attributing for $16.6 billion in online spending, a 14% year-over-year increase. Major e-commerce categories also witnessed greater discounts, with electronics offering discounts as high as 31% off the retail price, compared to 25% in 2022, and apparel at 24%, up from 19%. Major retailers with a significant online presence included Amazon (NASDAQ:AMZN), Shopify (NYSE:SHOP), Etsy (ETSY), Walmart (NYSE:WMT), Target (TGT), and Costco (NASDAQ:COST).
More about Amazon.com Inc
Amazon.com Inc is a major player in the U.S. information technology industry, with a focus on e-commerce, cloud computing, digital streaming, and artificial intelligence. The company is one of the most influential economic and cultural forces in the world and is considered the world's most valuable brand. With a market capitalization of 1.53 trillion, Amazon's stock price has a 52-week low of 77.33 and a high of 161.18. The stock has shown a 1.92% change and has a 0.0362 dividend yield. The retail-catalog & mail-order industry is a key sector for Amazon's business. Market sentiment towards Amazon appears positive, with strong performance and potential for growth, although there are risks associated with market volatility and potential regulatory changes.
More about Shopify Inc
Shopify Inc. is a commerce company that offers a commerce and service platform in several countries. The company's market sentiment appears to be positive, with a market cap of $92.23 billion, a P/E ratio of 0, and a current ratio of -0.9. The stock performance has seen a 5.2% increase, with a net income of $665.08 million and an EPS of $4.858. However, there is a slight decrease in the stock price of -0.173. It's important to note that past market behavior may not be indicative of future performance, and potential risks and uncertainties should be considered.
More about Etsy Inc
Based on the financial data for Etsy Inc, the company has a market capitalization of $9.45 billion, with a stock price of $31.96. The stock has shown a positive performance with a 2.47% increase, and a Relative Strength Index (RSI) of 21.87, indicating a potential oversold condition. The company's market sentiment seems bullish with a trading volume of 2.71 billion shares, and a stock price that is 80.72% above its 200-day moving average. However, it's important to note the potential risk associated with the stock's RSI being in oversold territory, as well as the possibility of a bearish trend given the negative RSI divergence. Past market behavior may not necessarily indicate future performance, so caution is advised.
More about Walmart Inc
Walmart Inc. is a retail giant with a market capitalization of $428.87 billion and a stock price of $237.11. The stock has shown a 6.01% increase in the last trading session, with a relative strength index (RSI) of 26.51, indicating a potential oversold condition. The stock has a 50-day moving average of $163.02, suggesting a bullish trend. However, it's important to note that past performance is not always indicative of future results, and there may be potential risks associated with the stock's performance. Overall, market sentiment towards Walmart Inc. appears to be positive, but caution is advised given the potential uncertainties in the market.
More about Target Corporation
Target Corporation is a retail corporation in the trade and services sector, specifically in the retail-variety stores industry. With a market capitalization of $64.02 billion, the stock is currently trading at $231.76. The stock has shown a 4.34% increase in the last 7 days and a 7.85% increase in the last 30 days. The Relative Strength Index (RSI) is currently at 0.034, indicating that the stock may be oversold. The stock is currently trading 0.042 below its 50-day moving average of $148.48, suggesting a potential bearish trend. However, it's important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with this analysis.
More about Costco Wholesale Corp
Costco Wholesale Corporation is a leading player in the retail-variety stores industry with a market cap of 286.07 billion. The stock is currently trading at $553.46 with a 52-week range of $44.01 to $665.31. The stock has shown a 3.96% increase in the last trading session, and the Relative Strength Index (RSI) stands at 65. This indicates that the stock is currently in the overbought territory. The company's financials show a Price/Earnings ratio of 14.65, indicating that the stock may be undervalued. However, it's important to note that past performance is not always indicative of future results, and there may be potential risks associated with investing in this stock.
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