Happy Friday! Shoppers are opening their wallets this holiday season, but an unusual shift in buying behavior is quietly reshaping the outlook for retailers. Click here to discover the 10 retail stocks to watch this holiday season.

Also, despite posting record-breaking earnings, shares of Nvidia are headed for their worst month since 2022. What’s behind the slide, and could December deliver a much-needed rebound? Read on to discover why, and what history and seasonality show.

Plus, if you’re looking for a next-generation AI stock tool to get ahead of the market, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• BENZINGA NEWSLETTER SPOTLIGHT

• MARKET HISTORY

10 Retail Stocks To Watch As Holiday Season Begins

As the holiday season kicks into high gear, consumers are spending more but are taking fewer items home. This highlights a widening divide between big-spending high earners, stretched lower-income buyers and the rise of AI-driven shopping.

These forces are converging to create one of the most pivotal retail seasons in years — with clear winners and losers already taking shape. Click here to take a look at 10 retail stocks to watch this holiday season.

3 Vital A.I. Stock Forecasts

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What will be the next $NVDA-style surge?

Yesterday: U.S. indexes advanced for a fourth straight session ahead of the Thanksgiving holiday, with the S&P 500, Nasdaq and Dow heading for their strongest weekly gains since June. Strong weekly performances so far — with the Nasdaq rising 4%, the S&P 500 up by 3% and the Dow up 2% — helped trim November’s losses, though all three benchmarks are still on track to finish the month lower after a steep slide to start the month. Better-than-expected labor data and solid September durable goods orders supported bullish sentiment, as initial jobless claims fell to 216,000 versus estimates of 230,000 and durable goods rose 0.5%. This holiday season, investors have a lot to be thankful for with the S&P 500 up 16% year-to-date and on pace for a third straight annual gain of 15% or more.

On Our Radar: Analysts will be watching ISM manufacturing and S&P manufacturing PMI data, which will be released Monday morning. With regards to earnings, all eyes will be on MongoDB (MDB), which will report quarterly results after the market close on Monday.

Dell (DELL) soared after strong AI server demand and raised guidance, and Robinhood (HOOD) surged after announcing plans for a futures and derivatives exchange. But those weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Wednesday.

Discover how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

Market Moves: Robinhood is making a bold move into prediction markets, but will it pay off? Click to see why analysts think this could change the game.

Crude Awakening: Oil could plunge below $50 overnight if a Russia-Ukraine peace deal goes through — and diesel could fall even faster. But what’s the long-term impact? Read on to find out.

Capital AI: Alphabet has quietly overtaken Microsoft in a historic surge. Click to uncover the surprising reason investors are suddenly flocking to it and what it could mean for the future of AI.

From Bricks to Bots: Opendoor is slashing jobs, speeding sales and rewriting the rules of real estate. Here’s everything you need to know.

Pounding The Table: Tech bull Dan Ives is pounding the table on these two tech giants. Find out why he thinks these companies could deliver staggering returns.

Join Benzinga’s Ring The Bell Stock Market Newsletter — Your Pre-Market Edge

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From breaking news and market movers to your daily market recap and top stories, Ring The Bell delivers everything you need to stay ahead in the market.

We also look ahead to key earnings, economic reports and major events so you’re always prepared for what’s next — all delivered straight to your inbox. It’s a newsletter built for market enthusiasts, written by market enthusiasts. Sign up today.

On This Day In 2001…

Enron suffered a fatal blow when Dynegy canceled its planned merger with the company after Enron’s debt was downgraded to junk status. The withdrawal shattered what little confidence remained, and trading partners quickly distanced themselves as the depth of Enron’s financial problems became clearer. Shares closed the day below $1, a stunning collapse for a company that had once been one of Wall Street’s most admired success stories. Just four days later, Enron filed for what was then the largest corporate bankruptcy in U.S. history.

QUOTE OF THE DAY

“Show me the incentive and I will show you the outcome.“

— Charlie Munger

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