Sunday, November 25, 2012

Portfolio Relevance
By Wallace Witkowski, MarketWatch
SAN FRANCISCO (MarketWatch) — As attention shifts away from Black Friday expect active trading in stocks seen to benefit from so-called Cyber Monday sales.

Reuters is expected to see active trade Monday as investors focus on online holiday sales.
Shares of Inc.AMZN +0.78% , the world’s largest online retailer, are expected to see activity Monday as more online sales come into play for the holiday shopping season.
The stock, which is trading about 9% off its all-time high of $264.11 reached in September, has picked up momentum in November and gained 6.5% this past week to close at $239.88 as it and other retailers like Best Buy Inc. BBY +1.12%  kicked off Thanksgiving sales online.Read more about Black Friday and retailers.
EBay Inc. EBAY +0.78%  shares, which rose 3.7% on the week, are also in focus as some look to flip hard-to-get holiday gift items and bargains purchased at Black Friday sales.
Groupon Inc. GRPN +1.80%  shares will test whether they can hold onto newfound gains, having jumped nearly 33% in the past week after hedge fund Tiger Global disclosed acquiring a 9.9% stake in the daily-deals company.
As the holiday shopping season continues, other retailers like Wal-Mart Stores Inc.WMT +1.90%  , Target Corp. TGT +1.19%  , J.C. Penney Co. JCP +0.23%  , and Macy’s Inc.M +1.76%  will see if they can hold onto their strong stock gains from the past week. 
Wallace Witkowski is a MarketWatch news editor in San Francisco. Follow him on Twitter @wmwitkowski.

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