Black Friday
The day after Thanksgiving traditionally kicks off the holiday shopping season, one of the most important times of the year for consumers and investors alike. While promotional campaigns and receipt tallies from “Black Friday” are always closely monitored, this year the day comes with added importance.As the U.S. economy heads towards the finish line on a year most companies hope to soon forget, many sectors are looking for a boost to their bottom lines. Countless earnings reports, as well as the fate of some major firms, hang in the balance this year. Target (TGT) CEO Greg Steinhafel recently summed up the importance of this year’s Black Friday, saying that “the fourth quarter will be decided by the two days after Thanksgiving and the two days before Christmas.”
Most Americans have a downright dreary view of the overall economy, with consumer confidence at a 26 year low and unemployment over 10%. Still, consumer spending accounts for nearly 70% of the economy, and many analysts are pinning recovery hopes on a busy shopping season. As we wait to see if the holidays begin with a bang or a clunk, we take a look at five ETFs that hinge on the outcome from Black Friday.
read full article: Five ETFs to Watch on Black Friday
seekingalpha.com
