BBBY - Black Friday spotlight burns on Home Depot Lowe's GameStop and Peloton

Bank of America takes a look at some recent consumer spending trends right in front of the huge Black Friday to Cyber Monday shopping period.One of the more interesting pullouts is on home spending. For the week ending November 21st, average daily spending in home categories (home improvement, furniture & home goods, bedding, and consumer electronics & hobby retailers) was up 31.2% Y/Y to accelerate slightly from the +30.2% the week prior.Those numbers bode well for At Home Group (HOME) and Bed Bath & Beyond (BBBY) as the strength in the category continues, according to BofA."We are also watching the rising rate of spread of COVID-19 in many states and believe that essential retailers in 'nesting' categories are likely to outperform in the coming months if regions begin to lock down. Overall, spending in home categories has remained very strong throughout the pandemic."Importantly, the firm says its debit and credit

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Black Friday spotlight burns on Home Depot, Lowe's, GameStop and Peloton