Black Friday is approaching, and it is the threshold to the biggest retail earnings quarter of the year. The holidays will send people running to malls, outlets, and department stores in search of gifts to bestow upon their loved ones. This means fat earnings for companies like Apple, HP, LVMH, and other manufacturers of luxury and tech goods. The news in Europe is affecting the stock market, but it’s not affecting American spending. As soon as the large holiday earnings for luxury manufacturers and tech companies kick in, the prices of the stocks will sky rocket.
Another good buy for the holidays is UPS. The demand for private package delivery is escalating rapidly, and no one dominates this industry like UPS. They are taking advantage of this new demand for package delivery and hiking their rates up by 4.3%. This rate hike won’t stop people from using UPS and it will translate into large earnings for UPS this next quarter.
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