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Finance

What Are the Best Black Friday Stocks to Buy?

Black Friday is one of the biggest days for retail spending in the U.S. As a result, the retail space is the first place that investors look for Black Friday stocks. Which stocks go up on Black Friday? Which Black Friday stocks should you buy this year?

Which Black Friday stocks should investors buy?

Many companies stand to benefit from Thanksgiving and Black Friday shopping. Major retailers like Walmart, Target, and Best Buy will be obvious beneficiaries of strong Black Friday and holiday sales in general.

Apple and GameStop run retail businesses and sell products that tend to be popular with holiday shoppers. Hasbro is also popular with Black Friday shoppers. Amazon, Shopify, and eBay are other interesting Black Friday stocks you may want to add to your portfolio as shopping migrates from stores to online. 

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Jewelry, cosmetics, and sporting items retailers are another group of retail companies that stand to benefit from Black Friday sales. The big names in this group include Dick’s Sporting Goods, Ulta Beauty, and Signet, the parent of Jared, Kay Jewelers, and Zales. 

Although retailers are encouraging customers to shop online this year, many households will still go shopping on Black Friday. Restaurants may see increased traffic on Nov. 27. 

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View more information: https://marketrealist.com/p/black-friday-stocks-to-buy/

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