HH 5 Top-Ranked Stocks To Buy This Thanksgiving Week

Though the week will be opening on uncertainty about trade relations between the United States and China, Thanksgiving could shower decent gains on the bourses. In recent years, trading volume on the S&P 500 over the Thanksgiving week has been roughly one-third to half of the volume in the surrounding weeks, but gains have been stellar historically.

Like every year, most Americans are now busy setting up dinner tables to enjoy celebratory meals as well as vacations with family and friends. Things have been developing favorably for consumers in terms of food inflation, gas prices and milder weather. An improving job market should add to the celebrations.

Gas prices have declined over the past two weeks, according to the Lundberg Survey. Trade war could not raise food inflation, rather less Chinese buying of some U.S. farm products like soybean made food products cheaper.

After three years of decline since 2015, the average cost of a Thanksgiving dinner is now unchanged from last year, but American Farm Bureau Federation (AFBF) survey reveals that retail turkey prices are at their lowest since 2010. Price of a 16-pound bird is now 4% lower than last year. So, one can expect copious consumption of Turkey this year.       

What About Travel & Hotel Demand?

More than 55 million Americans will go on a vacation this Thanksgiving, up 2.9% year over year and the second-highest number since 2005, per AAA. Air travel will likely see the biggest increase in travel volume during the Thanksgiving holiday, as about 4.45 million Americans took to the skies, marking 4.6% growth.About 49.3 million travelers will hit the road this Thanksgiving, the highest since 2005 and 2.8% more than last year.

Car rentals have reached their highest prices on record for the Thanksgiving holiday (since 1999), at $75 per day, per AAA.To stay at AAA Two Diamond hotels, prices paid will be 1% more than last year, though average rate at the AAA Three Diamond hotels has fallen 5%. Some restaurants will offer specialized menu on Thanksgiving.

1 2
View single page >> |

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.