3 Stocks That Won Black Friday
Another Black Friday is in the books, and this one, in the midst of a global pandemic, was probably the oddest in history. As expected, shoppers generally avoided brick-and-mortar stores because of the coronavirus pandemic on what's traditionally the busiest day of the year for retail businesses. Instead, many shopped online.
According to data from Sensormatics Solutions, in-store retail traffic in the U.S. fell 52% on the shopping holiday. Adobe Analytics, meanwhile, reported that online sales on Black Friday were up 22% to $9 billion.
Not surprisingly, e-commerce stocks were among the biggest winners from the shopping event, in particular Amazon (NASDAQ: AMZN), Etsy (NASDAQ: ETSY), and Shopify (NYSE: SHOP). Let's take a look at how each one performed, and what it means for the longer term.
Source Fool.com
