My Predictions for Cyber Monday Winners and Losershttp://www.fool.com/investing/general/2011/11/30/my-predictions-for-cyber-monday-winners-and-losers.aspx Sean Williams
November 30, 2011
Cyber Monday has become just as much a part of American culture as standing in the blistering cold with a bottle of pepper spray in hand outside of Wal-Mart the day after Thanksgiving waiting for that $2 waffle iron to go on sale. OK, all joking aside, Cyber Monday has definitely crept up the importance scale over the past few years and now represents the day with the most Internet sales of the year.
Based on U.S. data released yesterday, Cyber Monday sales totaled $1.251 billion, up 22% from the year-ago period. IBM Benchmark, another tracking platform, showed that sales rose by 33% from a year ago. Either way you look at, online sales appear strong for the most part, but we know full well that not everyone can be a winner.
Although no companies have thus far released any data on their Cyber Monday sales, I have a few guesses as to which stocks may have done well and which companies may have disappointed. Please remember these are just educated guesses as no hard data are in as of yet.