Daily Traders Edge

Here Are 3 Holiday Stock Plays That Could Make You Big Returns

November 30
16:18 2017

A strong economic backdrop, the lowest U.S. unemployment in a decade and healthy wage gains should ensure a bullish 2017 holiday season, with brick-and-mortar and online retailers meeting or exceeding current expectations. Even so, more cautious market players will be looking past December’s cash register receipts and into the sector’s intermediate outlook before scooping up shares in the hottest holiday plays.

Widely held sector issues including net juggernaut Amazon.com, Inc. (AMZN) are technically overboughtright now, offering little value at these lofty price levels. Mid- and small-cap retailers with strong price patterns look like more reliable short-term and intermediate bets, attracting speculative capital that could signal healthy gains well into the first quarter, when highly positive January effect seasonality could trigger a fresh round of rotational buying pressure.

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