Amazon, eBay, Others Up in Advance of Cyber Monday [VIDEO]

By DailyFinance  NOV 26, 2012 9:34 AM

A bidding war for Twinkies may see Flower Foods as the winner.

 


Amazon (NASDAQ:AMZN), eBay (NASDAQ:EBAY), and other online retailers steal some of the attention from brick-and-mortar stores today. Shares of both Amazon and eBay posted big gains last week in advance of Cyber Monday sales. A growing number of retailers are offering free shipping this year.  

Wal-Mart (NYSE:WMT), Target (NYSE:TGT), and Macy’s (NYSE:M) -- which have growing online operations -- are all expected to rise today.

Twinkies might become the target of a bidding war. Hostess Brands, which shut down its bakeries and started liquidation proceedings last week, says it has received a "flood of inquiries" from potential buyers. The Wall Street Journal says Flowers Foods (NYSE:FLO), the maker of Tastykakes, has sought to increase its line of credit -- a sign that it could be a bidder. Flowers is the second-largest baker in the country.

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