Cyber Monday is the shopping day for those that may oppose going to brick-and-mortar retail outlets on Black Friday. This year, despite surging inflation, poor consumer sentiment and a host of other issues, the final numbers for the online shopping spree came in above expectations at $11.3 billion, up 5.8% over 2021.
Shoppers spent a record $9.12 billion online on Black Friday, up 2.3% from last year. According to Adobe, e-commerce activity continued to be strong over the weekend, with $9.55 billion in online sales, so a massive $30 billion in sales came in over the four-day post-Thanksgiving holiday period.
Electronics, video games, hot retail fashions and a host of other items were big winners. After crunching the data, we decided to screen our 24/7 Wall St. equity research database for the stocks that raked in the holiday shopping bonanza. Five top companies shined among the brightest, and all have Buy ratings across Wall Street.
This post originally appeared at 24/7 Wall St.