Black Friday also offers good opportunities in the stock market

Black Friday, the biggest shopping holiday of the year, also offers good investment opportunities. Analysts believe that stocks of retail as well as entertainment companies should be looked at.

Some investors believe that if inflation eases and retail sales remain strong, retail stocks could benefit. Moreover, there is growing optimism that the economy can avoid a major recession.

Leuthold Group investment strategist Jim Paulsen said retail companies are still doing well amid a mild recession. He predicts that hotels and restaurants will also show good results at the end of the year.