Jefferies Publishes Report on Black Friday Retail

In its report, Jefferies writes, “Retailers continued to be more aggressive at the start of the holiday season with early store openings, compelling offers pre-holiday, and post-holiday, both online and in store. Early indications suggest this resulted in a good start to the season, but we expect a barbell shaped season as usual. Nonetheless, positive headlines on the weekend should take the broader retail group higher today.”

Companies included in the Jefferies report are: Amazon.com (NASDAQ: AMZN), Wal-Mart (NYSE: WMT), Best Buy (NYSE: BBY), Target (NYSE: TGT), Apple (NASDAQ: AAPL), JC Penney (NYSE: JCP), and Kohl's (NYSE: KSS)