Listen: Online spending on track to hit a new record this holiday season
"It's been a record record couple days for online shopping and just a few hours left in Cyber Monday. Retailer seemed poised for another big hall. Let's get to Courtney Reagan with the big numbers behind one of the biggest shopping days of the year. Hey Courtney Hey Melissa. So I'm here at one of Walmart's fulfilment campuses. This is actually one of six that is working to fulfill all of those online line orders. That are coming in on cyber Monday. Walmart does expect that today may end up being one of if not its biggest day of the year for those online orders and so far some of their bestsellers include the apple. Air Pods that INSTA- pot. Apparently not everybody has one of those yet the Ninja Air Fryer the video fifty five inch TV and the Nintendo switch but in total beyond just Walmart Dot Com. The National Retail Federation does expect the sixty nine million Americans will shop at some point today. you mentioned those records. Adobe is expecting this days sales to grow out twenty percent over last year to hit nine point four billion dollars. And that's on top of the records Kurds. That were already set online for Thanksgiving Day and Black Friday. But what's interesting. Is there still a lot of shopping. That's going to be left done tonight. Remember ever in the old days when you had to get to work to use the high speed internet on your desktop computers. That's what we saw pete sales much earlier in the day during work hours. Now it's much later at at night. The golden hours adobe expects will be between seven and eleven. PM Pacific Time. So that's ten PM here on the East Coast. Once the kids are in bed and all the chores are done. That's when they think the shopping will get started now. Of course we are getting some preliminary data for how things have been shaping up online edison trends at least analyzed. It's about three hundred thousand transactions from Thanksgiving and Black Friday. They say that Nordstrom has actually seeing the biggest increase in customer spending online compared compared to last year with a sixty percent jump Walmart close behind with fifty three percent in the Amazon with forty nine percent target however and J. C. Penney those spending online numbers from these transactions samples fell about twelve and fourteen percent respectively. We still have an awful lot of shopping and time left to go and we know we still have a decent season left even though it is six days at shorter. So be careful when you're ordering online and you're looking at the shipping dates just a little bio buyer irby wear for Meteo beco- view of all. Right thanks for the tip. Courtney Reagan What are you doing over there? He is your modem on the Fritz on this one of those people to coordinate when when you go to the work for the high speed Internet. I'm one of the. That's what you're doing is doing right now answering your question if you WanNa have a conversation about retail. I can do that as well very much. Still by eight track tape players hundred percent should say that retail looked the trades are interesting Cosco reports on December twelve. It's had a huge run but now valuations traits it thirty two times next year's numbers we've been both China Carter. Braxton worth through appears every Friday on the options action which would back this this Friday after being usurped this past week by the holiday he talked about this for the last six months. He's been correct. I think you've got to sell it into earnings target catching up the Walmart art finally on Valuation But Walmart at Twenty three times which is sort of the benchmark for everything in my opinion is just too expensive in this environment one thing. I don't know if we break out. His is buy online. Pick up in store which I think is a really a difference. It's a very big difference right and and you invariably by something else when you're there right so That's one interesting part. I think you know target sighted a number of other ones do. I think there's GonNa be retail winners here. We've seen some of the ones is that don't work right. I don't know if macy's can turn it around I think I'm not optimistic on that one. But I do think that I do think Nordstrom has a much better chance as a much better chance and even though the socks more expensive. I'd rather be in a Nordstrom macy's both of those stocks extreme streaming serenely high interest percent about. Yes we just got numbers Nordstrom and they were fine although if you look again they're they're they're full price versus their offer Akwa their sale price two very different stories perpetuating the story they get a little boost out of their New York flagship store adding some some gross margin. But when you look at target and Walmart I would go back to those. Because I think they've been such great stocks people own over the last twelve months but The relative victory that Delta in their online sales growth has been so extraordinary and so price. I stand in so much the part I think if people said when they said guess what targets not going to Amazon and that's exactly part of why the stock has done so well so hard for me to say that that's not in the price. I think the bar for both of those folks into this holiday season is very very high. Amazon has been targeted or Walmart. Well no it has. I mean listen you know I think at the end of the day import remember that Amazon while they get about fifty percent of the online sales growth that exists out. There you know. Online sales are still ten percent or less of the total five trillion earliest of US consumer sales. So there's plenty I think that's why Amazon is kind of stalled here. Some of these guys have made some really good progress. They made investments over the last couple of years. That took some time to kind in a bear out and they're starting to do that. I'll just say one name to keep an eye on home. Depot had that gap after earnings a couple of weeks ago and it kept going I think about nine and a half percent peak to trough decline started bounce last week a little bit look pretty good technically coming off of a trend line that thing turn lower keep an eye on that one because I just think that there's a lot of concentration in some of these mega. Ah Big big box names and these home improvement stocks that have really outperform but if you look at the X.. RT which is a broader look at all of retail it's ten percent of the year really underperforming the SNP. So I want to keep an eye on some of these other ones. That are very crowded and I think guys Costco the way it reacts to earnings guidance will be very important for the weed tells me"