It should be no surprise to Valuentum members that ecommerce sales were fantastic this holiday season as we continue to hold payment processors Visa (click ticker for report: ) and PayPal – via eBay (click ticker for report: ) – in the portfolio of our Best Ideas Newsletter. Digital business analytics firm comscore (SCOR) reported that for the first 51 days of the November-December 2012 holiday season, retail ecommerce spending advanced 16% versus the same period a year ago, a breakneck pace.
Impressively, the data show that the 5-week work week ending December 21, 2012 registered a rate of expansion of 53% in spending. We continue to focus on high-VBI rated firms that are benefiting from long-term secular tailwinds, and Visa and eBay fit that mold. Growth in ecommerce sales (and credit card/PayPal use online) will not be subsiding anytime soon, and we’re expecting continued outperformance from these two firms in our Best Ideas portfolio through the course of 2013. Read more about the ecommerce data >>