Minuk's Musings and Black Friday 2024

Today is Black Friday which unofficially signals the beginning of Christmas (and Hanukkah) shopping.

 

And if there’s one thing that brings us all together, it is our love for buying junk “quality goods” online.

 

Amazon.ca is your first stop and according to JP Morgan, the company should expect solid online holiday sales growth of 7.5% this year vs 2023. Amazon stock is up 37% year to date.

 

Next up for you more wealthy folks, go ahead and click over to Walmart.ca. Yes, Walmart because according to Kelly Bania, BMO’s research analyst who covers the company’s stock, 75% of Walmart’s market share gains last quarter were driven by higher-income households. The stock is up 45% year to date.

 

Now if you are really tight on cash, you can always head to AliExpress.com, owned by the Chinese e-commerce giant Alibaba Group. While prices are cheap, shipping times are very volatile, just like their stock which is up 15% year to date but down over 20% since mid-October.

 

Happy shopping and have a great weekend.

 

Rich

Investment Advisor