<div id="readability-page-1">The companies that outperform expectations stand to win Black Friday weekend, while those that fall short could see price declines. getty Adobe Digital Insights has predicted online holiday sales will exceed $250 billion in 2025, fueled by 1 trillion visits to U.S. retail websites. That would translate to a sales increase of 5.3% from last year’s total holiday spend.  Can your investment portfolio benefit from the increase? Possibly. While stock prices tend to adjust long before Black Friday weekend, the movements are based on investor expectations. The companies that outperform expectations stand to win, while those that fall short could see price declines.  Fei Chen, CEO and founder of fintech startup Intellectia.AI, predicts this year’s Black Friday winners will include infrastructure as well as retailers. “The real opportunity lies in identifying companies with structural advantages beyond a single shopping weekend,” Chen said, “particularly those integrating AI-powered commerce and omni-channel strategies that will define retail for years to come.”  12 Ways To Invest Smarter In 2026 Retailers directly capture the revenue from Black Friday shopping activity. Known retail brands that sell online and in-store—like Walmart and Target—are well-positioned to capitalize on the holiday shopping surge. However, low retail margins mean a lesser impact on the bottom line.  MORE FOR YOU Higher-margin businesses can drive bigger profit changes from the Black Friday surge. As an example, the operating margin in Amazon’s North America segment, which is primarily retail sales, was 8% in last year’s fourth quarter. The operating margin in Amazon’s AWS business, which provides cloud computing and e-commerce infrastructure, was 36.9%. Much smaller revenue gains in AWS can drive the same profits as larger gains in North American retail sales.  Cloud providers, payment processors and lenders are high-margin businesses that should benefit from the Black Friday sales surge.  Long-Term Investing In A Weak Labor Market Chen identified five stocks that are ready to outperform over the Black Friday weekend. They are:  A closer look at each company follows, with metrics sourced from company reports and stockanalysis.com.  Amazon generates revenue from e-commerce sales, cloud computing, advertising and subscription payments. The diversified business model allows Amazon to benefit in multiple ways from holiday shopping.  “Amazon captures value whether consumers shop on its platform or on the thousands of e-commerce sites powered by AWS infrastructure,” said Chen. “It’s the only company positioned to win regardless of where holiday dollars are spent,” he explained.  Shopify provides subscription-based website hosting to millions of e-commerce retailers. The company also earns payment processing fees from e-commerce transactions.  Chen highlighted Shopify’s strong third-quarter results, with 67% growth in payment volume. Shopify also recently launched an integration that allows its merchants to sell their products within ChatGPT conversations.  Walmart operates the Walmart and Sam’s Club retail chains and their respective e-commerce websites. The retailer also sells advertising around the world. Walmart’s global advertising business grew 53% in the third quarter. Subscription revenues for Walmart+, a competitor to Amazon Prime, round out the diversified model.  Walmart, like Amazon, can benefit from Black Friday sales across multiple business, from lower-margin retail sales to higher-margin advertising. The company is also executing well, earning double-digit gains in global e-commerce sales, membership income and advertising in the third quarter.  PayPal processes online payments, offers short-term “buy now pay later” installment loans, issues debit and credit cards and provides digital wallets that store cash and cryptocurrency.  PayPal captures transaction fees across the internet, because it integrates with major e-commerce platforms, including Shopify, WooCommerce, BigCommerce, and Wix. According to Digitalcommerce360, more than 82% of the largest retailers accept PayPal payments. To the extent more holiday shoppers use PayPal, the company will benefit.  Target operates target.com and a chain of retail stores in the U.S. The product selection includes men’s and women’s fashion, beauty, personal care, home décor, party supplies, furniture, groceries and more.  Chen described Target as “the contrarian pick.” The company just announced a $1 billion spending effort to spark growth through store openings, remodels, improved customer experiences and better technology. Chen believes Target will benefit now from its brand loyalty and “same-day delivery capabilities.” And, the planned investments could trigger “significant upside that the market isn’t pricing in,” he explained.  Expectations for Black Friday profits are already baked into stock prices. To add value to your portfolio at this stage, opt for companies that can outperform expectations—not only for Black Friday weekend, but for the rest of the fourth quarter.  6 Best Dividend Stocks To Buy In November For High Yield And Growth 5 Best Stocks To Buy Now For November 2025 5 Best Dividend Stocks To Buy Now In October 2025</div>

沃爾瑪

SHOP

塔吉特

<p>Fei Chen 預測，亞馬遜、Shopify、沃爾瑪、PayPal 和塔吉特將在黑色星期五期間超出預期，原因在於它們多元化的商業模式和戰略優勢。具有結構性優勢和人工智能驅動的商業模式的公司，預計將在購物週末之後繼續受益。投資者應關注高利潤業務以及那些整合全渠道戰略的公司，以實現長期收益</p>

Why Amazon, Shopify And 3 Other Stocks Are Poised To Win Black Friday

- 預計 2025 年在線假日銷售將超過 2500 億美元，增長 5.3%。  
- 超出預期的公司將受益於黑色星期五，低利潤零售商影響有限。  
- 亞馬遜、沃爾瑪和 PayPal 等公司被看好，因其多元化業務模式。  

為什麼亞馬遜、Shopify 和另外三隻股票有望在黑色星期五中勝出