Contentworks Pick — Top 3 Thanksgiving Stocks

Tis the season to shop!

If you’re not American or Canadian, you’d be forgiven for not fully understanding the significance of the Thanksgiving holiday. Many citizens see this as the primary celebration of the year, eclipsing even Christmas.

Top stocks to keep a thankful eye on

Here are our picks and why we chose them. It’s all about the inventories! Remember, Thanksgiving is a U.S. Stock Market Holiday, during which the U.S. Stock Market, including the Nasdaq and New York Stock Exchange (NYSE), is closed. The following day, the stock market hours are also affected, with an early closing at 1 pm on Black Friday.

#1 Nike (NKE)

Nike’s inventories recently hit 9.66 bn. That’s around 1–2bn more than the company has ever had, as you can see on this chart.

#2 Nvidia (NVDA)

Same story, different industry! Leading computer hardware maker, Nvidia has amassed a huge inventory of GPUs of late and likely needs to shift it, fast. It currently has 3.89bn in stock, marking its highest ever stock level

#3 Target (TGT)

The US retail giant that sells everything from hammers to homeware is gearing up for the busiest time of the year by — you guessed it — stockpiling a huge amount of inventory. Over 15bn of it to be precise.

Now, let’s hear from you!

What will you be trading this upcoming Thanksgiving weekend? Do you have any other top stock picks? Tweet us at @_contentworks.

Top fundamental events week commencing 14.11.22

Here are all of the main events coming up in what looks like a pretty busy week for the markets.

Monday

No major events are planned.

Tuesday

● JPY — GDP Growth Annualised Prel (Q3)

Wednesday

● GBP — Core Inflation Rate YoY (OCT); Inflation Rate YoY (OCT)

Thursday

● AUD — Employment Change (OCT); Unemployment Rate (OCT)

Friday

● JPY — Inflation Rate YoY (OCT)

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