Markets

Investor Watch: Analyst Picks on Retail and Technology Stocks Ahead of Black Friday

Published November 21, 2023

As Thanksgiving week unfolds, the anticipation among investors reaches a peak surrounding Black Friday's sales performance. This critical shopping event is not just a gauge of consumer sentiment but also a pivotal moment for retail stocks. Analysts have their sights set on various stock picks, anticipating that consumer participation in this year's Black Friday sales could have a substantial influence on the retail and technology sectors.

Top Retail and Technology Stocks to Consider

The stocks attracting attention span across various facets of the retail and technology landscapes. Among them, AVNW Aviat Networks, known for its wireless networking portfolio, and CALX Calix, provider of cloud and software platforms, are set to potentially benefit from the increased online activity during the holiday sales period. Fashion retailer JWN Nordstrom is also on watch as it heads into the holiday season.

Other stocks on analysts' radar include PWFL PowerFleet and CMBM Cambium Networks, which are set to capture the tech market space. SMTC Semtech's role in semiconductor production puts it in a crucial position as tech reliance surges during this period. LULU lululemon athletica and FIVE Five Below represent unique aspects of the retail industry, from high-end activewear to value-focused consumer goods, respectively.

Moreover, KORE (no additional information provided) has caught the eye of investors, alongside CLFD Clearfield's connectivity solutions, IDCC InterDigital's wireless communication technologies, OLLI Ollie's Bargain Outlet's branded retailing, and the giant WMT Walmart with its wide-spanning retail empire.

Enthusiasts in the stock market are looking at these companies to gauge how well they might perform not only during Black Friday but also as indicators of broader consumer trends heading into the end-of-year holiday season.

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