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This holiday shopping season is projected to break records, with retail sales expected to exceed $1 trillion for the first time. Consumer spending data from October is fueling optimism, particularly around Black Friday sales.
Macy’s (M) has reached a stock price of $22, marking a 52-week high, driven by strong earnings, increased guidance, and a focus on online expansion. The company reported its strongest comparable sales growth in three years for its fiscal second quarter in September.
Amazon (AMZN) is poised to set a Q4 revenue record with estimates at $211.23 billion, currently trading at $232 per share. The e-commerce giant’s diversified growth, including cloud services and streaming, further cements its positioning as a leader in the retail sector.
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