Top 10 E-commerce Stocks to Capitalize on the Online Shopping Boom
The world of e-commerce stands out in the post-pandemic world. But in 2020, when a virus hit the face of the planet, everything changed for this particular industry. Not only has the demand for e-commerce businesses increased, but investors have also started taking greater interest in the industry.
Since then, e-commerce has boomed, and investors have reaped handsome incomes as a result. If you're looking to invest in e-commerce stocks to capitalize on the online shopping boom, you're looking at the best companies. Worry now because we've got you covered.
What are the top 10 e-commerce stocks good for investing in?
Here are ten e-commerce stocks you can take advantage of the online shopping boom:
1. Amazon. Inc
There's no denying that Amazon.Inc is an unrivaled competitor in the e-commerce space. This online business has slowly grown from its roots when the concept of online shopping had not even emerged globally. Yet insight into the future and the company's ability to make potentially beneficial decisions has brought it to where it is today. Amazon can be a great e-commerce company, and you can buy your stake as an investor and quickly capitalize on the online shopping boom with the massive profits the company makes.
2. Alphabet
When people think of Alphabet, the first thing that comes to mind is the company's ties to Google and YouTube and its title as the world's best web searcher. Alphabet hasn't limited its roots here, however; the company has also seen significant growth in e-commerce. Alphabet has done a tremendous job, and the company can only get better. So if there's one safe e-commerce stock to watch, it's this company.
3. Meta
It cannot be denied that over the years Meta has improved Facebook, Instagram and many other social media apps and moved the world towards a better technological direction. However, the company is also using the same technology to break into the world of e-commerce with its Instagram and Facebook stores launched online.
While the company went through a decidedly difficult phase a few months ago, the new year is a new beginning. Through March 2023, Meta's stock price has risen 71.2%, making it the best stock price of any other e-commerce company on our list.
4. Pinduoduo Holdings
Measured by the total number of buyers, PDD's sales rate in the Chinese market ranks second. However, growth may be more brisk and, according to statistics, is only expected to grow in the next few years. The company posted an 8% increase in project earnings in 2023, and many believe the next few quarters will only get better for the company. The growth of PDD is no surprise, as the company has one of the most unique and innovative marketplaces of any other company on the web. Uniqueness attracts people, which is what Pinduoduo does.
5. JD.com
JD.com is another leading Chinese e-commerce and retail infrastructure offering direct sales of electronics, merchandise and gadgets. But while the company performed well, the Covid-19 pandemic and other regulatory measures weighed heavily on the sale, sending its shares down 28% in market value. This is one of the worst downturns the company has endured in years. Despite going through a tough time, JD.com is back on track and the company is expected to achieve overall success in the coming quarters.
6. Be authentic
The RealReal is one of the leading e-commerce companies in luxury sales. The company is a leader in offering the very best in luxury and is a one-stop shop for anyone looking for luxury.
The company owns some of the best e-commerce stocks right now, which are sure to generate strong returns given the online shopping boom. The deals have traded at more than 5 times earnings since November and are expected to flat or grow in the months ahead.
7. Chewy Company
America is a pet-loving nation, and it’s no surprise to see pet-centric e-commerce businesses booming in the country. Chewy, Inc. is a leading online pet retailer specializing in pet food, treats, supplies, medications, and more. The growth the company has witnessed over the past few years is only picking up, and given its superior and reliable products, the customer base is only expected to continue growing.
8. Cooper
If there is a rapid rise in the products of a certain country, it is the products of South Korea. If entire companies in that country started selling products from that country globally, wouldn't the customer base increase significantly?
Coupang delivers authentic and safe-to-use Korean goods anywhere in the country. As such, it has gained a large following and is poised to become one of the top e-commerce stock investments.
9. eBay
Next on our list is eBay. The company already has a large user base that is growing rapidly every quarter. It is not difficult to see from this that the company has a solid foundation for future development. With 135 million active buyers and over 18 million sellers on the platform, eBay is poised to have a bright future in the e-commerce space. It could quickly be considered one of the best e-commerce stocks to capitalize on the online shopping boom.
10.Etsy
Vintage items are a timeless trend and always relevant. People love the regal air that vintage items often exude, which is one of the main reasons why they always like to buy things. Etsy has been making it easier to buy and sell vintage items for years, and the company has a solid foundation in place to generate rewarding inventory returns as the vintage trend continues to grow.
Diploma
Many e-commerce companies are investing heavily in the online shopping space. We mentioned 10 of the leading companies, but if you know of any other gems of the eCommerce world, be sure to share them with us.