Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Black Friday Sales Surge, Despite Economic Uncertainties -- Here Are The Stocks That Stand To Benefit The Most

Shanthi Rexaline
November 25, 2023

Consumers continue to be resilient despite abounding economic uncertainty, as underlined by online Black Friday sales data released by Adobe Analytics.

Buoyant Consumers: A record $9.8 billion was spent online on Black Friday, marking a 7.5% year-over-year increase, Adobe Analytics’ report showed. The major driver of growth was electronics, up 152% from the average daily sales in September. Among electronics, smartwatch, TVs and audio-equipment sales jumped 577%, 484% and 376%, respectively.

The data was compiled based on an analysis of online commerce transactions covering over 1 trillion visits to U.S. retail sites, 100 million SKUs and 19 product categories.

Flexible Payment Flavor Of Season: As inflation continues to eats into real incomes, consumers apparently tapped into borrowing capital to splurge on items. The report showed that they increasingly relied on the flexible payment method, “Buy Now, Pay Later,” to stretch their holiday budgets.

BNPL orders rose by 72% in the Nov. 18-24 week compared to the Nov.11-17 week, and BNPL revenue climbed $79 million or 47% over the same period.

This could have possibly benefited companies including Affirm Holdings, Inc. (NASDAQ:AFRM), Apple, Inc. (NASDAQ:AAPL), Block, Inc. (NYSE:SQ) and PayPal, Inc. (NASDAQ:PYPL), which offer such service.

Hot Sellers: Among the bestsellers on Black Friday were toys including KidKraft playsets, Mattel, Inc.’s (NASDAQ:MAT) Barbie Fashionista dolls, and Mini Brands Toys. Incidentally, Mattel has seen a strong lift from the box office success of the “Barbie” movie released in late-July. The film earned about $1.4 billion at the box office, as it turned out to be Warner Bros. Discovery, Inc.‘s (NASDAQ:WBD) highest-grossing film ever.

Gaming also remained a popular category, with strong demand for Sony Group Corporation’s (NYSE:SONY) PlayStation5, Microsoft Corp.’s (NASDAQ:MSFT) Xbox Series X, Nintendo Co., Ltd.’s (OTC:NTDOY) Switch gaming consoles, along with games including “Call of Duty: Modern Warfare III,” “Spiderman 2” and “Super Mario Bros. Wonder.”

Other top sellers included Bluetooth headphones, smartphones, skin care products, cookware sets and coffee makers.

See Also: Best Retail Stocks

Strength To Continue: Consumers will likely spend $10 billion over the weekend, Adobe said. The firm expects $4.8 billion worth of online sales on Saturday and $5.2 billion on Sunday.

Cyber Monday sales is expected at a record $12 billion, up 5.4% year-over-year.

The Cyber Week, which is the five-day period from Thanksgiving to Cyber Monday, will likely generate sales of $37.2 billion. This would mark a 5.4% year-over-year increase and account for 16.8% of the full holiday sales.

Shopping Trends: Adobe said deep discounts are still on and flagged the days consumers can hope for best bargains for several items. These include:

  • Toys and apparel on Sunday, with expected discounts of 35% and 25% , respectively.
  • Electronics and furniture on Cyber Monday, when consumers can expect discounts of 30% and 19%, respectively
  • Appliances will likely be available at a discount of 20% on Nov. 30.
  • Sporting goods could be purchased at a 24% discount on Dec. 4.

The report noted that about $5.3 billion or 54% of all online sales on Black Friday were made through smartphones, up 10.4% year-over-year. Adobe said online sales through smartphones will likely overtake desktop for the first time this holiday season.

Inflationary prices may not have lifted online sales, Adobe said. “Strong consumer spending online continues to be driven by net-new demand and not higher prices,” it said. Adobe also clarified that the figures are not adjusted for inflation, but if online deflation were factored in, growth in consumer spend would be even stronger.   

Why It’s Important: The data should bode well for retail companies. When retailers reported their third quarter results over the past few weeks, most sounded caution regarding the outlook for the holiday quarter. Retail giant Walmart, Inc. (NYSE:WMT) said U.S. consumers were becoming increasingly cautious as the holiday season approached.

Apple, which derives much of its revenues from its hardware, including the iPhone, also provided a lukewarm guidance for the December quarter. It guided to flattish year-over-year sales growth for the quarter as opposed to analysts’ expectations for modest growth.

The SPDR S&P Retail ETF (NYSE:XRT) ended Friday’s session up 0.73% at $63.89, according to Benzinga Pro data.

Read Next: Touchdown For Shopping: Amazon’s Innovative Black Friday Football Game Integrates Commerce And Content

Photo: Shutterstock

Continue Reading...

Popular

Mark Cuban Reacts to Elon Musk-Donald Trump Feud

The escalating public feud between Elon Musk and President Trump has prompted a response from Mark Cuban.

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

OAN's Pentagon reporter learns the limits of expressing her own opinion

Assigned to cover the Pentagon for the conservative outlet One America News Network, Gabrielle Cuccia didn't pretend to be an unbiased reporter. She describes herself as “a MAGA girl” who is unapologetically defiant in her support of President Donald Trump.

How To Earn $500 A Month From Broadcom Stock Ahead Of Q2 Earnings

Broadcom offers an annual dividend yield of 0.90% ($2.36 a year). To figure out how to earn $500 monthly, here's what you do.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Trump's 'Numbskull' Insult Comes Back To Bite—In Record Time

Oil prices surged after Israel's airstrikes on Iran, reigniting inflation fears and complicating Trump's push for rate cuts. Powell's caution now seems more justified.

The Stock Ticker Notable Investors Are Holding - Ad

They may not be trading on public markets, but Pacaso just reserved the ticker PCSO. Co-founded by the man who took Zillow from seed to IPO, Pacaso brings co-ownership to a $1.3T market. They've earned $110M+ in gross profits already. Well-known firms like Maveron even invested.

Coinbase adds former top Obama and Harris adviser Plouffe as it broadens its political reach

WASHINGTON (AP) — A senior adviser to Kamala Harris’ 2024 presidential campaign is joining Coinbase’s global advisory council, which already includes several former U.S. senators and Donald Trump’s ex-campaign manager, as broadens its political reach.

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

Zscaler Shares Hit New 52-Week High: What's Driving The Momentum?

Zscaler Inc. (NASDAQ: ZS) shares are trading higher Monday on what appears to be continued momentum after the company posted better-than-expected fiscal third-quarter earnings and raised its full-year guidance last week.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Embed-Chart-China-Critical Minerals, ADVISORY

CHINA-CRITICAL MINERALS — Chart. This AP digital embed chart shows the share of several critical minerals dominated by China in global supply chains. China has spent decades building the world’s main industrial chain for mining and processing such materials, which are used in many industries such as electronics, advanced manufacturing, defense and health care. This chart is current as of June 10, 2025, and will not update. Source: IEA.

Trump promised to welcome more foreign students. Now, they feel targeted on all fronts

To attract the brightest minds to America, President Donald Trump proposed a novel idea while campaigning: If elected, he would grant green cards to all foreign students who graduate from U.S. colleges.

Must-See: Elon's New "Space" Device - Ad

Tech legend Jeff Brown predicts this "space technology" will be Elon Musk's next trillion-dollar business, and it will make a lot of people rich. This could be the biggest internet innovation since the first web browser Netscape kicked off the internet boom in the late 1990s.

Klotho Neurosciences, AMD, Strategy, Circle Internet Group, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks experienced a mixed session today, with the Dow Jones Industrial Average unchanged at 42,761.76 and the S&P 500 moving nearly 0.1% higher at 6,005.88. The Nasdaq rose 0.3% to 19,591.24 on Monday. These are the top stocks that gained the attention of retail traders and investors throughout the day:

Revealed: Palm Beach Millionaire's Warning About "The Great Replacement" - Ad

A Wall Street veteran with a four-decade track record has issued a disturbing warning from his estate near Mar-a-Lago. He warns of an economic restructuring that will eliminate traditional career paths while creating unprecedented wealth opportunities.

Trump pushes a July 4th deadline for big tax bill as senators dig in

WASHINGTON (AP) — wants his of tax breaks and spending cuts on his desk to be signed into law by the Fourth of July, and he's pushing the slow-rolling Senate to make it happen sooner rather than later.

How AP calculated the costs and death toll of EPA rule rollbacks

The Environmental Protection Agency under President Donald Trump is aiming to undo or revise more than 30 major environmental regulations, many of them written or updated by the Biden administration. These include rules for cleaner vehicles, power plant emissions, and limits on tiny airborne particles known to harm human health.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Reddit sues AI company Anthropic for allegedly 'scraping' user comments to train chatbot Claude

Social media platform Reddit has sued the artificial intelligence company Anthropic, alleging that it is illegally "scraping" the comments of Reddit users to train its chatbot Claude.

Latin America's Hot Stocks: 3 NYSE Picks To Dodge Trade Wars, Mideast Mayhem

Latin American markets, boosted by Brazil's Bovespa & Mexico's IPC, offer diversification and stability amid tariff threats and chaos. NYSE-listed Vale, Ambev, and Cemex are compelling with high yields, low P/E ratios, and resilience to trade tensions and Middle East volatility.

This Tech Could be the Spark AI Desperately Needs - Ad

AI is evolving fast-but energy bottlenecks threaten to stall it. A material insiders call "black glass" could change everything. It's cheaper, smaller, and more powerful than anything on the market. One tiny company holds the patent. Chris Rowe reveals the ticker in this urgent broadcast.

Will Rising Stars Circle, CoreWeave Perform Like Past IPO Winners Reddit, Astera Labs?

CoreWeave saw a massive rally following its late March debut and Circle I burst onto the scene last week with its successful IPO. 

Ground beef sold at Whole Foods may be tainted with E. coli, USDA says

U.S. agriculture officials are warning that ground beef sold at Whole Foods markets nationwide may be contaminated with potentially dangerous E. coli bacteria.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Elon Musk's X to Shake Up Financial Media With Reality TV Show

X is set to disrupt the financial media landscape with a reality TV show that allows viewers to invest in promising startups.

Elon Musk's SpaceX Suffers Major Setback As Starship Rocket Explodes In Static Fire Test

SpaceX's Starship 36 rocket exploded during a pre-flight static fire test at Starbase. No injuries reported, incident under investigation.

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Ericsson, Supermicro Partner To Bring 5G-Powered AI To Factories, Retail And Hospitals

Ericsson and Super Micro announce strategic collaboration to accelerate Edge AI deployment. Super Micro stock down 45%, Ericsson up 38% in past year.

US, Chinese officials to meet in London next week for new round of trade talks

WASHINGTON (AP) — Senior U.S. administration officials will meet with a Chinese delegation on Monday in London for the next round of between Washington and Beijing, President Donald Trump said Friday.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

Asian shares shoot higher as US stocks inch toward their records

Shares advanced Wednesday in Asia after U.S. stocks drifted closer to their records, while U.S. futures edged lower.

The Stock Ticker Notable Investors Are Holding - Ad

They may not be trading on public markets, but Pacaso just reserved the ticker PCSO. Co-founded by the man who took Zillow from seed to IPO, Pacaso brings co-ownership to a $1.3T market. They've earned $110M+ in gross profits already. Well-known firms like Maveron even invested.

JPMorgan, Bank of America, and TD Bank Warn of Data Breaches Impacting Customer Information, Is Your Account Safe?

Several customers' critical information has been compromised, leading to data breach alerts issued by JPMorgan Chase, Bank of America, and TD Bank.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service