Happy to be back?
Jim Cramer weighs in on Cyber Monday, whether or not Real Money stock of the day Amazon (AMZN) is walking away a winner and whether he thinks investors should be worried about the 2020 election and its potential impact on the market.
Let's Start With Cyber Monday
Adobe Analytics (ADBE) forecasts that we could see sales of around or above $9.4 billion this Cyber Monday, a nearly 19% increase year-over-year.
"Black Friday broke mobile shopping records with $2.9 billion spent through smartphones alone. With Christmas now rapidly approaching, consumers increasingly jumped on their phones rather than standing in line. Even when shoppers went to stores, they were now buying nearly 41% more online before going to the store to pick up. As such, mobile represents a growing opportunity for smaller businesses to extend the support they see from consumers buying locally in-store on Small Business Saturday to the rest of the holiday season. Small Business Saturday will accelerate sales for those retailers who can offer unique products or services that the retail giants can't provide," said Taylor Schreiner, Principal Analyst & Head of Adobe Digital Insights.
Moving on to Politics...
Cramer penned a column on how the upcoming election and the "Democratic horse race" could impact stocks going forward.
"I think [these two stock moves] show you that if you look at only the Fed and the yield curve, as so many people have taught us to or insist on pushing -- kind of like opioids on an unsuspecting investing public -- you miss what's really driving stocks: the election and the fact that the Democrat horse race is directly impacting stocks now," Cramer wrote.
And, Finally, Amazon
Amazon may be the gold star winner this Cyber Monday, especially thanks to its one-day shipping.
Amazon, Walmart, and others are all locked in a one-day shipping battle this season, with Amazon offering next-day shipping for Prime members and Walmart also offering free next-day shipping for orders over $35.