SHOP - These 2 Stocks Are Sharing the Holiday Spirit
2023-11-27 09:15:43 ET
Another Thanksgiving is in the books, and Wall Street was generally pleased with how the long weekend went. Stock index futures eased lower as investors awaited the latest data on inflation due out later this week, but shoppers enthusiastically returned to shopping malls and spent money online for the holidays. With November having already seen such a huge rebound for the stock market, even holding its own on Monday morning was a victory.
Moreover, a pair of stocks got nice boosts, with one of them having a direct connection to how Black Friday and the rest of the weekend went. Shopify (NYSE: SHOP) benefits when consumers are willing to spend. Meanwhile, Crown Castle (NYSE: CCI) doesn't necessarily have much to do with holiday sales, but the real estate investment trust looks as though it might be on the shopping list of a well-known activist investor. Here's what you need to know.
Shares of Shopify were up 4% in premarket trading early Monday. The e-commerce platform provider got a boost on news that the merchants who use its services had a great weekend.
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These 2 Stocks Are Sharing the Holiday Spirit