As hard as it is to believe, 2016 is about to come to a end, but before it does we have the busy holiday season to think about. With the changing of the guard in the White House, and Donald Trump’s unexpected win, the market is likely to remain volatile during the next few months, and time will tell whether or not stocks are able to build on the initial rally Wall Street enjoyed following the Trump victory.
The holiday season is a very important time for not only retailers, but the overall economy. We have yet to get the full picture on the retail sector this earnings season, but last quarter it was clear that while Americans were still spending, they were still very cost-conscious, remembering the lessons learned during the financial crisis.
This trend is likely to continue through the holiday, so if you are looking for stocks to buy ahead of the upcoming holiday season you want to keep that in mind.
Another trend to keep in mind is that more and more people are turning to the internet to do their shopping in order to find more competitive prices and to avoid long lines in stores, so you want to find companies that will benefit from that trend as well.
Here are five stocks that I think are good buy candidates ahead of the rapidly approaching holiday season.