Holiday sales are expected to bring in $860 billion, according to the National Retail Federation. This is largely due to the economy’s stabilization following the COVID-19 restrictions. Stocks that are projected to gain from the increase in retail sales are a safe pick for investors. According to Deloitte, holiday retail sales will increase by 11% year over year in 2021. This upswing will favor clothing, electronics, jewelry, and food stocks. As sales rise, even small companies that sell cheaply on the market will soar.
Here is Insider Monkey’s list of the 10 cheap stocks to buy before Christmas. In the United States, MamaMancini’s Holdings, Inc. sells frozen and refrigerated cuisine. For the 3-Cheese Beef and Turkey Meatballs it creates and sells, the company just won the QVC Food of the Month award. RAVE Restaurant Group, Inc. owns and operates Pizza Inn franchise pizza shops around the world. The company recently signed two significant franchise expansion agreements. The company generated $2.3 million in revenue in the fourth quarter, up 46 percent year over year. In early September, the stock of LightInTheBox Holding Co., Ltd. increased by more than 16 percent. The stock has risen sharply in response to excellent quarterly results, and it appears that it will continue to grow as the holiday shopping season approaches. A cross-border ecommerce platform is run by LITB. Regis Corporation has released its first-quarter earnings. People will rush to salons throughout the forthcoming Christmas season, which will benefit the company. Laura Champine of Loop Capital has a Buy rating on the stock and a $6 price target. Arcos Dorados Holdings Inc. was just added to JPMorgan’s coverage with an Overweight rating and an $8.50 price target. As the number of virus cases in the region declines, the holiday season appears to be primed to kickstart the firm’s post-pandemic comeback. For more details, click 10 Cheap Stocks To Buy Before Christmas.
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