Holiday cheer boosts Amazon, Macys and other retail stocks

Adobe Analytics forecast online Black Friday sales of $5 billion, which would be a record high. Online retailers will rake in an additional $6.6 billion on Cyber Monday, according to Adobe

Shares of Amazon.com, Macy’s, Kohl’s and other US retailers rose on Friday on early signs that consumers are on track to spend more this holiday shopping season than in previous years.
 
Although there were few signs of the frenzy that had been a hallmark of the start to the crucial US shopping season in years past, known as Black Friday, industry watchers were upbeat.
 
“The turnout this morning has been relatively slow but it is still the best we have seen in three years,” said Burt Flickinger, managing director of Strategic Resources Group, citing improving consumer confidence, a