The shift in online shopping from desktop computers to mobile devices is surging again this year as 58.6% of Thanksgiving Day shoppers used their smartphones and tablets to make purchases. A record $449 million was rung up by 5:00 p.m. ET Thursday, with $322 million in sales recorded from smartphones and $127 million from tablets.
Total online sales reached $1.15 billion, up 13.6% year over year. Sales to desktop users totaled $702 million.
The data were posted by Adobe Digital Insights and the researchers till expect total Thanksgiving Day sales to reach or come close to $2 billion.
The less good news for retailers is that discounting is much higher this year. Tablets, TVs, toys, and pet care items are much more heavily discounted than last year with most of the promotional pricing being revealed by search advertising and shopper help sites.
Hot Stocks To Watch Right Now: Summer Infant Inc.(SUMR)
- [By Peter Graham]
A long term performance chart shows shares of Childrens Placeoutperforming last year before leveling off into a range while mid cap peerCarter’s, Inc (NYSE: CRI) is nearing previous highs againand small cap Summer Infant, Inc (NASDAQ: SUMR) is well below previous highs:
Hot Stocks To Watch Right Now: Pacific Gas & Electric Co.(PCG)
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was PG&E Corp. (NYSE: PCG) which rose about 6% to $45.08. The stocks 52-week range is $37.30 to $71.57. Volume was nearly 13 million compared to the daily average volume of 6.8 million.
- [By David Dittman]
PG&E Corp (NYSE: PCG), Edison International (NYSE: EIX) and Sempra Energy (NYSE: SRE) are the parent entities of California’s investor-owned utilities.
- [By Jon C. Ogg]
PG&E Corp. (NYSE: PCG), the parent of Pacific Gas & Electric, has been the focus of many regulatory actions in California over time. And power lines have been targeted, and PG&E shares dropped after the 2017 wildfires in the state.
Hot Stocks To Watch Right Now: National Grid Transco, PLC(NGG)
- [By WWW.MONEYSHOW.COM]
Among utilities, National Grid (NGG) is my best pick for 2017, as it’s an almost perfect hedge against uncertainty. It’s insulated from changes in government interest rates. It can be both an inflation hedge and a play on a strong dollar.
- [By Lisa Levin]
Tuesday afternoon, the utilities sector proved to be a source of strength for the market. Leading the sector was strength from National Grid plc (ADR) (NYSE: NGG) and Dominion Resources, Inc. (NYSE: D).
- [By Travis Hoium]
National Grid (NYSE:NGG) came out with some interesting information last week, saying 2.4 GW of distributed solar was added in the U.K. between February 2016 and February 2017 and another 1.5 GW is expected in the next year. The U.K. isn’t exactly a hotbed for solar activity, but it’s growing as an important market.
Hot Stocks To Watch Right Now: Diageo plc(DEO)
- [By Mark Fritz]
Brown-Forman Corporation (NYSE: BF.B): Hold.
Price Target: $46.00.
Davide Campari Milano SpA (ADR) (OTC: DVDCY): Buy.
Price Target: 7.40 euros.
Diageo plc (ADR) (NYSE: DEO): Hold.
Price Target: 25.50 pounds.
PERNOD RICARD EUR1.55 (OTC: PDRDF): Hold.
Price Target: 98 euros.
REMY COINTREAU EUR1.60 (OTC: REMYF): Hold.
Price Target: 99 euros.
The authors relied on U.S. Census data, industry sources and the National Survey on Drug Use and Health.
- [By Jayson Derrick]
Given this less than favorable outlook, the analysts downgrade Diageo plc (ADR) (NYSE: DEO)’s stock rating from Buy to Hold with a price target on the U.K.-listed stock of GBP25.50.
- [By Leo Sun]
Retirees should generally invest in companies with wide moats and solid dividends. In a previous article, I noted that AT&T and Unilever were easy-to-understand companies that were ideal for most retirement portfolios. Today, I’ll add two more companies to that list — alcoholic beverage giants Diageo (NYSE:DEO) and Anheuser-Busch InBev (NYSE:BUD).
Hot Stocks To Watch Right Now: Carter's, Inc.(CRI)
- [By Ben Levisohn]
After running through their scenarios,Boruchow comes up with five losers from Trump’s tax plans: Carters (CRI), Urban Outfitters (URBN), Under Armour (UA), Fossil Group (FOSL) and Gap (GPS). He explains why: