Retail ETFs To Buy On Black Friday Deals
Zacks Investment Research | Nov 22, 2018 09:59PM ET
The Christmas shopping season has kicked off, and retailers are splurging on promotions, early-store openings, heavy discounts, as well as free shipping on online purchases to lure customers. Now that the Thanksgiving feast is done, it’s time for the biggest shopping day of the year.
According to the National Retail Federation (NRF), more than 164 million Americans are expected to shop in stores and online during the Thanksgiving weekend (spanning four days — Thanksgiving Day, Black Friday, Small Business Saturday and Sunday). Of them, 21% (34 million) plan to shop on Thanksgiving Day while 71% (116 million) will likely shop on Black Friday. Almost 41% (67 million) will go shopping on Small Business Saturday and 20% (32 million) are expected to shop on Sunday (read: all the Consumer Discretionary ETFs here).
Below we have highlighted some of the best deals from retailers.
Amazon (NASDAQ:AMZN) is ahead of all retailers having kicked off Black Friday on Nov 16 with Deals Week Live, wherein everything from kitchen appliances to clothing are up to 60% off. The e-commerce giant is matching its Prime Day pricing on Echo ($69, or $30 off full price) and offering Echo Dot for just $24 ($25.99 off). Additional products are being offered every day with Fire TV streamers and the first-ever discount on the brand-new Recast DVR added on Nov 25.
Wal-Mart, the world's largest retailer, kicked off the deal online on Nov 21 at 10 pm with some of the best deals — $50 off the Google (NASDAQ:GOOGL) Home Hub video speaker (normally $149), a $400 gift card (with lots of fine print) for last year's iPhones or $300 gift cards for the current crop. Other hot deals include the Walmart-exclusive HatchiBabies Foxfin toy for $34.88 (about $14 off its regular price), an 8-quart Instant Pot for $59 and $100 off the Xbox One X gaming console. The phone deals will be available in store, only starting Thanksgiving Day at 6 pm (read: Zacks Investment Research
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