3 Top E-Commerce Stocks to Buy Right Now
When one thinks of the top e-commerce stock, investors often mention Amazon. This might make sense since it pioneered and remains a force in the industry.
Nonetheless, they might also sour on Amazon when seeing that its e-commerce growth has dramatically slowed. Instead, some of its peers abroad continue to grow rapidly, a factor that might lead investors to consider Shopify (NYSE: SHOP), MercadoLibre (NASDAQ: MELI), or Sea Limited (NYSE: SE) as the new top e-commerce stocks.
Shopify will likely prosper, not because of its e-commerce site directly, but how it supports its e-retailers. Yes, the Ottawa-based company has built a competitive advantage by offering a robust sales platform that clients can easily customize.
However, Shopify also supports clients through an extensive ecosystem. These customers can take advantage of inventory management, payment, and capital-raising services. Additionally, if customers need help storing, packaging, and shipping goods, Shopify's fulfillment arm can help.
Continue read on nasdaq.com