Retail

These nonretail stocks are set for a Black Friday boost, trader says

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Two stocks outside the retail trade could get a boost from Black Friday shopping, ERShares’ Eva Ados says.

The National Retail Federation expects 2 million more Thanksgiving weekend shoppers than last year, still below 2019’s levels but a sign that one of the year’s biggest retail holidays remains intact.

The rise of “buy now, pay later” options could give way to Affirm and Square getting a boost, Ados told CNBC’s “Trading Nation” on Wednesday.

“Because it’s expected to be a very strong holiday season and we have limited availability, consumers have an incentive to buy as much as they can now,” the firm’s chief investment strategist and chief operating officer said.

“But what do they do if…



Source cnbc.com

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