Black Friday's Hidden Winners
Nov 26th 2012 7:03PM
Updated Nov 26th 2012 7:04PM
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 (NAS: AMZN) and eBay (NAS: 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.
The article Black Friday's Hidden Winners originally appeared on Fool.com.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.
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