This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cyber Monday Sales Juice Tech Shops

NEW YORK ( TheStreet) -- Amazon's (AMZN - Get Report) position as online retail giant was confirmed again as Black Friday shopping numbers were tallied and released Monday.

But beyond the 13% year-over-year Black Friday sales growth at Amazon, a few behind-the-scenes tech shops also had a strong showing during the Thanksgiving rush, which should translate to a big Cyber Monday boost.

eBay's (EBAY) PayPal, Google's (GOOG - Get Report) revamped product search site and GSI Commerce (GSIC), an online sales system provider, all enjoyed a rich slice of the action, said ThinkEquity's review of the e-commerce numbers from the weekend.

PayPal said it saw payment growth of 27% on Black Friday, up from the 20% rate a year ago. The online payment broker also said it saw greater than 300% growth in mobile transactions.

For Google, the introduction of Google Products gave the search giant an even stronger foothold in a competitive field that includes favorites like PriceGrabber and Microsoft's (MSFT - Get Report) Bing Shopping price comparison sites. Google Product search traffic was up 69% over year-ago numbers, according to ThinkEquity, which cited a report by Mercent.

Another big player in the online shopping arena is GSI, the name behind retail brands like Dick's Sporting Goods (DKS), Cole Hahn and Aeropostale (ARO) deals. GSI shares, which have been down 6% this year, have risen 3% in the past week as the company continues to sign on new retail customers, including Donna Karan International.

--Written by Scott Moritz in New York.

>To contact this writer, click here: Scott Moritz, or email:

To follow Scott on Twitter, go to

>To send a tip, email:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMZN $498.81 3.50%
EBAY $22.33 1.50%
GOOG $684.03 0.87%
MSFT $49.66 0.77%
AAPL $94.26 -0.77%


Chart of I:DJI
DOW 15,914.74 -99.64 -0.62%
S&P 500 1,851.86 -0.35 -0.02%
NASDAQ 4,283.5920 +14.8290 0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs