As the holiday spending spree starts, certain annual winners are seeing upsurges.
On 30 October Mastercard issued positive earnings plus the payment company brought in a new charge for credit card transactions. Add to this mix the early holiday season spending, and Mastercard has swung up from a downward trend since the beginning of the month. December will see if targets are reached for Quarter 4 2014.
Another winner in the holiday season for business travellers and early booking for the US Thanksgiving period and global Christmas markets, Hilton Hotels are seeing a bullish sentiment as shares try to break resistance levels.
Third quarter sales at Amazon online store were up 20% to $20.58 Billion. A large gap appeared on the earnings figures but Amazon have recovered and are now entering the holiday season on a high, seeing a general rise from the start of November, up from 292.18 to 324.77. At the start of 2014 Amazon lost reputation over their late 2013 Christmas deliveries, even though sales still took shares to over 407 in December 2013.
Historically eBay makes more sales after Christmas than before; assuming that reject gifts are placed on the auction site. However, for pre-holiday sales season, the figures are now on an upturn from October’s lowest figures in a year, from 46.15 up to 55.29, and if last year’s trend is to be gauged then this year eBay will have a happy holiday season.
All these companies that will beneift from the holiday season spending are based on US stock exchanges.
Trade CFDs for stocks on STOCK.com with full training given to all clients