The following video is from Monday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Joe Magyer, discuss the top business and investing stories.
In this segment, the guys discuss who really came out as the winners on Black Friday. While bricks-and-mortar stores had spending that was slightly up from last year (though not for everyone, and we hear who some of the slight losers were), the big story is the major shift in consumer habits toward online shopping with companies such as Amazon.com (NASDAQ: AMZN) and eBay (NASDAQ: EBAY), with more than $1 billion spent for the first time. Another major shift in consumer habits that goes along with this trend was the industry with the secret winners: mobile payments, also up dramatically this year.
Chris Hill owns shares of Amazon.com and eBay. Jason Moser has no positions in the stocks mentioned above. Joe Magyer owns shares of Amazon.com, eBay, and Visa. The Motley Fool owns shares of Amazon.com. Motley Fool newsletter services recommend Amazon.com, eBay, and Visa. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Are Cashiers' Days Numbered?
Advances in technology will make human interaction superfluous in the grocery store.
How Often Do Prime Members Buy From Amazon?
A new report shows that the online leader's best customers are hooked on the retailer.
Dueling Analysts Debate Netflix, Inc.'s Fourth Quarter
Both the bull and the bear might be mostly right -- they just disagree on what matters most.