Asit Sharma, a Motley Fool analyst, provides insights on Cyber Monday results, showcasing robust consumer spending and discussing Shein's upcoming IPO in 2024. He also highlights Weight Watchers' strategic pivot to include weight loss drugs like Ozempic. Alison Southwick and Robert Brokamp tackle listener queries on investing strategies, such as letting winning stocks run and optimizing personal finance with HSAs over FSAs. The conversation emphasizes the importance of gratitude during the holiday season, linking it to a positive mindset in investing.
Consumer spending on Cyber Monday exceeded $12 billion, reflecting a positive US economy and consumer propensity to spend.
Chinese fast fashion company Shein's potential IPO in 2024 raises concerns due to regulatory scrutiny and sustainability issues.
Deep dives
Cyber Monday Spending Hits $12 Billion
According to Adobe analytics, consumers spent over $12 billion on Cyber Monday, up almost 10% from the previous year. The strong consumer spending on Cyber Monday is attributed to the positive state of the US economy, tight labor market, and the propensity of consumers to spend.
Cyber Monday Outpaces Black Friday
Cyber Monday continues to outpace Black Friday in terms of growth and consumer spending. With over $20 billion spent on both days combined, Cyber Monday has become a significant part of the annual shopping season, offering extended deals and discounts that attract consumers throughout the weekend.
Xi'an E-commerce Business Going Public
Chinese-based e-commerce business Xi'an is planning to go public in 2024. Despite its popularity, the company's fast fashion model and potential regulatory scrutiny raise concerns among investors. The company's success hinges on factors such as import tariffs, forced labor allegations, and sustainability issues associated with fast fashion.
Weight Watchers Embracing Weight Loss Drugs
Weight Watchers CEO, Seema Sustani, revealed that the company is shifting its focus to weight loss drugs such as Ozempic and Wigov to manage chronic obesity. This strategic pivot aims to provide a more comprehensive approach to weight management beyond diet and exercise. The move comes as Weight Watchers aims to position itself as a subscription-based company and address the limitations of its previous business models.
With Cyber Monday and Black Friday results in the bag, it’s looking like it might be a better fourth quarter for retailers and e-commerce than we originally thought.
(00:21) Asit Sharma and Dylan Lewis discuss:
- Early Cyber Monday results and why consumer spend isn’t slowing down quite yet.
- News that Chinese fast fashion company Shein will likely be coming public in 2024.
- How Weight Watchers is adjusting its strategy to incorporate weight loss drugs.
(15:26) Alison Southwick and Robert Brokamp answer listener questions about letting winning stocks run, the early days of your personal finance journey, open enrollment options, and filling your portfolio with treasuries.
Companies discussed: WW, NVDA, MSFT, APPL
Host: Dylan Lewis
Guests: Asit Sharma, Alison Southwick, Robert Brokamp