Market Overview

Cantor Fitzgerald: Cyber Five Results Bode Well For E-Commerce Group, But Omnichannel Retailers Stand Out

Share:
Related AMZN
Bernstein Says FedEx Could Rise To $315 In Two Years
Markets Look Early At Another Session Devoid Of Drivers; How Will It End?
Venture capital deals of the week (Seeking Alpha)

Youssef Squali commented in a note on Wednesday that Cyber Monday results showed decelerating growth over the prior days but looking at the entire Thanksgiving five-day period, data points indicate a “very positive” read.

According to Adobe Cyber Monday sales were up 16 percent from a year ago with the top 25 retailers seeing sales rise by 25 percent. The analyst notes Amazon.com, Inc. (NASDAQ: AMZN) was a “big beneficiary” while eBay Inc (NASDAQ: EBAY) surprised to the upside with a growth rate of 20.5 percent year-over-year after a slow beginning on Thanksgiving Day.

However, Squali adds that omnichannel players are emerging as winners so far. The analyst notes that data from ShopperTrack and NRF show negative year-over-year growth for retail sales, but the online components of omnichannel retailers like Wal-Mart Stores, Inc. (NYSE: WMT), Best Buy Co Inc (NYSE: BBY), Target Corporation (NYSE: TGT), Sears Holdings (NASDAQ: SHLD) and Nordstrom (NYSE: JWN) are doing well with 54.4 percent year-over-year growth.

Squali notes that omnichannel sales are benefiting from retailers focusing on the importance of online sales, back-end and customer support platforms, consumer-friendly moves, price matching, in-store pickup, and earlier than usual aggressive price promotions.

Latest Ratings for AMZN

DateFirmActionFromTo
Feb 2018MKM PartnersMaintainsBuyBuy
Feb 2018NomuraMaintainsBuyBuy
Feb 2018Credit SuisseMaintainsOutperformOutperform

View More Analyst Ratings for AMZN
View the Latest Analyst Ratings

Posted-In: Adobe Cantor Fitzgerald Cyber Monday NRFAnalyst Color News Retail Sales Analyst Ratings

 

Related Articles (AMZN + BBY)

View Comments and Join the Discussion!