'Fast Money' traders talks the holiday shopping trade as countdown to Black Friday begins

Consumer Spending & Market Trends - US consumers' willingness to spend should not be underestimated, supported by emerging data [1] - A divergence exists between affluent and less affluent consumers [2] - The market typically doesn't allow extended periods to sell at high prices, suggesting potential upward movement [2] - Consumer-facing sectors, including travel and restaurant stocks, experienced gains [6] - Travel sector, particularly hotels and airlines, may have been oversold, presenting potential opportunities [7] Retailer Performance & Strategies - Walmart's consistent pricing over months indicates a possible price increase [2] - TJ Maxx continues to demonstrate strong performance [2] - Costco may have maintained a crucial support level [3] - Some stocks cited have been lagging behind, suggesting potential breakout opportunities [4] - Airlines have invested in technology, leading to improved margins and efficiencies [7] Brand & Outlet Dynamics - Nike had a positive trading day despite mixed results from Tim's Dixs and weakness in Foot Locker [8][9] - Strong brands can perform well, while weaker outlets like Foot Locker may exert downward pressure [9][10] - Investors are becoming more selective regarding holiday plays and turnaround strategies [11] - High-end sneaker brands like Nike, Puma, and Adidas face general challenges [12][13] Technical Analysis & Market Sentiment - XRT (SPDR S&P Retail ETF) indicates potential shift from high-flying stocks to those that have been underperforming [5] - Restaurant stocks are near 15-year relative lows compared to the S&P 500 [5] - XRT remains below its 2021 level [5]