Fri-yay

[The beef 675] [I'm an image] “The worst part of online shopping? No riots outside of Walmart at 4 AM on Black Friday.” - Jason [Read The Beef Online - Click Here]( Hey there carnivores, Markets fell during a quiet session on Friday. Hungover much? Today we’re talking Black Friday sales figures. Keep raging, Jeff & Jason [Image] [I'm an image] Fri-yay “My credit card bill sounds like next month me’s problem.” - me, shopping on Black Friday. Shoppers were out in full force on Friday… you just may not have seen them in line at TCBY because a literal f*ck ton of them were doing it from the comfort of their homes. $7.4B [was spent online](, which set a record for the most purchased online on the "holiday." Consumers averaged $168 per purchase, which is up nearly 6% from last year. How do you like them apples, Single’s Day? We're not done yet The good times kept on rolling into the weekend. Small Business Saturday [brought in a record]( $3.6B of online sales. Of course, not all of this went to the local CBD dealer, as both large and small retailers benefited from the promotions. And in case you haven’t checked your Outlook calendar yet, today is Cyber Monday, when corporate sheep will spend most of their day browsing Amazon instead of churning out TPS reports. Because, procrastination. Adobe predicts that shoppers’ wallets aren’t empty just yet, [estimating $9.4B in sales]( today, which would top last year’s record $7.9B as the most amount of dough spent online in a day. The bottom line... Consumers are absolute savages, parlaying one shopping day into another. Black Friday is no longer just a one-day event, with discounts beginning earlier in the week. $4.2B was spent online on Thanksgiving Day... likely by a bunch of wine drunk suburban aunts at the dinner table. And how are retailers doing so far this year? If you’re Target, great... its stock is up 95% this year. Walmart is up nearly 30%. But not all retailers are created equal. Kohl’s, the Gap, and Macy’s are all down over 25% YTD. Bottom line: “If by ‘Small Business’ you mean an Amazon vendor, then yes I participated in Small Business Saturday.” [I'm an image] Still hungry? If you didn’t get your fill on Thursday, we’ve got good news. Our pal Kyle wants to bring you to the all you can eat buffet of profits… [Join us for Kyle’s Raptor5 event this]( [Thursday]([at 8:30 PM ET]( [I'm an image] ☑️ Facetime. “How the f*ck am I supposed to post a funny meme about Ellie Goulding’s hat at the Cowboys’ halftime show?” - every IG meme account. You may have noticed that Instagram and Facebook [suffered]( widespread outages on Thursday. Luckily, you were probably under the same roof as your aunt for Turkey Day celebrations... so she could just invite you to Farmville games in person. Outages have become a real issue for Facebook’s family of apps. In fact, in the first half of 2019, issues doubled vs. the same period in 2018. ☑️ Very nice, how much? The good news for Saudi Aramco? It’s IPO is [oversubscribed](. The sale has attracted bids worth nearly $44.3B as of Friday ahead of its planned pricing on December 5th. The bad news? Those vying for shares are predominantly Saudi Arabian, indicating that the oil giant’s $1.6B to $1.7B valuation isn’t palatable to foreign investors. ☑️ Cash Rules Everything Around Me. Warren Buffett’s Berkshire Hathaway is sitting on a $128B cash stockpile … and [can’t find any investments]( to make because everything is too damn expensive. And you thought your grandpa was frugal. News broke on Wednesday that private equity shop Apollo Management purchased Tech Data, a hardware and software provider for small businesses, for $5.14B. But that was only after a previously unnamed suitor forced the PE shop to up the bid. That suitor? The Oracle of Omaha himself. Apparently, $5.14B was too rich for Warren’s blood. Buffett’s dry spell continues... ☑️ Transfer. Silver Lake Management, a private equity firm that made its name in the tech space is going all-in on football (er, soccer) … to the tune of $500M. Silver Lake is [investing]( half a billion dollars in the City Football Group which owns Manchester City, the defending Premier League champs. The Group also owns NYFC of MLS and a slew of other clubs throughout the world. SL’s stake represents 10% of CFG and will be only its second foray into the sports world (Silver Lake also has a stake in the UFC). No word on if Silver Lake plans to invest in any real sports any time soon (... anddd there go all of our European readers). RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. 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