In American consumer culture, nothing spells controversy quite like Black Friday. Every year, major retailers are left with the decision whether to open their doors early on Thanksgiving Day or allow their employees the day off to spend time with friends and family. In a study of 523 adults, BestBlackFriday.com found that 36.87 percent of Americans strongly dislike stores being open on Thanksgiving this year. This compares to 2016, when 57.53 percent of Americans said they were opposed to open stores.
Among the stores that decided to save the deals until Black Friday this year are Home Depot (HD) , T.J. Maxx (TJX) , Nordstrom (JWN) , Costco (COST) and Sam's Club (WMT) . Although this is all subject to change in the wild, wild world of retail.
Is the chance of stirring up store traffic worth the bad public relations?
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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