Apple Vs. Amazon: How Do The Stocks Compare During The Holidays?
It's no secret that holiday season works wonders for consumer product companies and retailers. But what about the stocks of these companies?
CNBC’s Dominic Chu recently discussed the historical performance of Apple Inc. (NASDAQ: AAPL) & Amazon.com, Inc.'s (NASDAQ: AMZN) stock during the holiday season and the sectors that have performed well during the holidays.
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"How does it [Apple] perform between, say, just around the Thanksgiving holiday season to about the middle of January -- we’ll call it the holiday shopping season. The average return over the last 13 years has been up 4.5 percent, just in this like seven-week span, seven- to eight-week span we’ll call it. And we just threw in there some interesting nuggets because every time they have a first generation product launch, the stock does even better, this is not this year because there wasn’t a first generation product launch," Chu said.
"Another one that we want to talk about here is Amazon.com. It’s synonymous with online shopping, it’s going to be big during this holiday season […] on the 30 trading days before [Cyber Monday] on average Amazon has got up by about 5 percent; its up big this time around, almost 17 percent since its lows. Thirty trading days later though the momentum slows down here, it's only up about 2 percent, the S&P moves up around 2.5 percent."
Chu also revealed, "Healthcare, that stock is up or the industry and the sector is up about 23-24 percent year-to-date, it’s the best performing sector in the S&P and each of the last 10 holiday seasons, it has been positive, even during the financial crisis."
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