Why Wayfair Inc. (W) Went Up On Friday?

We recently published a list of 10 Stocks Lead Friday’s Charge. In this article, we are going to take a look at where Wayfair Inc. (NYSE:W) stands against other stocks that lead Friday’s charge.

The stock market finished in the green territory on Friday, albeit muted trading persisted over the lack of catalysts to fuel investing appetite.

The tech-heavy Nasdaq led gains among Wall Street’s benchmark indices, finishing up by 0.52 percent. Meanwhile, both the Dow Jones and S&P 500 ended the week eking out 0.08-percent gains.

Ten companies mirrored the broader market optimism, finishing the week with modest gains. In this article, we have identified today’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with $2 billion in market capitalization and $5 million in trading volume.

An elegant home décor with a stunning furniture piece, showcasing the company’s premium online selections.

Wayfair Inc. (NYSE:W)

Shares of Wayfair increased by 6.69 percent on Friday to end at $33.66 each as investors appeared to have bargain-hunted after the company touched an all-time low in the past trading days of the week.

On Tuesday, Wayfair hit its lowest 52-week level of $29.68 and continued to trade sideways towards the end of the week.

Wayfair, an online retailer of furniture, decorations, and outdoor items, is currently offering a Cyberweek sale, where select items are put on sale.

The week-long promotion could be a strategy for the company to bolster its sales, especially as it was expected to take a beating from US President Donald Trump’s tariff war with various countries.

Prior to Trump’s return to the White House, an analyst already warned last year that Wayfair, as well as Best Buy and Five Below, would be especially at risk from the tariffs which could result in a plunge in earnings performance.

Overall, W ranks 5th on our list of stocks that lead Friday’s charge. While we acknowledge the potential of W as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as W but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.