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Stocks to invest in before the Black Friday sale

Black Friday that falls on November 27 this year will be one of the busiest buying days of the year, as online shopping sales in 2019 reached a record high of $7.4 billion, based on the profits made by companies during the period The following stocks can be expected to be a good investment before Black Friday, as these companies are expected to achieve huge profits during and after this year’s holiday season.

Target company

Considered one of the best retail companies that thrived during the pandemic, the company announced massive profits in the third quarter that represented a growth in GAAP and EPS numbers by 46.3% year-on-year in addition to a revenue growth of 21.3% to reach $22.6 billion, as electronic sales increased the company increased by 155% in the third quarter and is expected to grow even more in the following quarter after the holiday shopping season recedes, and with a dividend distribution ratio of 1.58%, the company’s shares continue to break records for growth.

Sonos Company

Sonos’ products are expected to be a hit in the upcoming holiday season, as the company sells wireless multi-room audio systems, and last week announced impressive fourth-quarter earnings represented by 8.2% adjusted profit margin growth and 16% revenue growth over the past year. Year on year to reach 339.8% and direct revenue from consumers increased by 67% year on year as well, which means that the company’s brand and customer experience with it attracted more buyers.

The company increased its revenue forecast for 2021 from $1.44 billion to $1.5 billion, inflating the company’s growth from 11% to 15% year-on-year. Especially with its strong chances on Black Friday.

UPS Company

UPS is one of the largest package delivery companies worldwide and is expected to witness good growth in the future due to its small and medium customers as well as its services in shipping healthcare supplies.

The company announced strong profits for the third quarter, saw consolidated revenue growth of 15.9% year-on-year, and recorded revenue around the world and growth in all areas of its business, but all of its shares were sold due to concerns about the ratio of EBIT margins that shrank in the third quarter to 11.1% after it was 11.6% in 2019, and these margins are supposed to improve in the next year as the company invests in developing staff and equipment to deal with the desire of investors, in addition to a dividend distribution ratio of 2.47%.

UPS stock is a great stock for long-term investment as it plays a vital role in the holiday shopping season.

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