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Are These The Best E-Commerce Stocks To Buy Before October 2020?

These 3 top e-commerce stocks have been trending in 2020. Can the momentum continue through Q4 2020?

e-commerce stocks to buy now_

Do You Have These Top E-Commerce Stocks On Your Watchlist This Month?

E-commerce stocks have been some of the best-performing stocks in the stock market today. E-commerce has been increasing its market share for an extended time now. It is just easier to purchase things online than going to a store. Well, everybody has been stuck at home this year. That means that e-commerce just received a massive boost from consumers. Many top e-commerce stocks to watch have been able to reach new heights because of this.

Companies like Amazon.com Inc. (AMZN Stock Report) and eBay Inc. (EBAY Stock Report) have seen the benefits of this. In September, the e-commerce sector continues to grow as companies report stronger quarterly results. It is unsure what will happen with e-commerce stocks once the world reopens everything again. E-commerce was already performing well previous to the pandemic. There are many e-commerce companies making more profit than ever during the last few months. Let’s look at 3 that have been trending in the market.

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Top E-Commerce Stocks To Watch Before October 2020: Alibaba

First up on this list of e-commerce stocks to watch is Alibaba Group Holding Limited (BABA Stock Report). Alibaba focuses on e-commerce, technology, retail, and much more. The company’s site allows for many different types of selling to consumers and businesses. In 2020, it was announced that Alibaba has the 6th highest brand valuation in the world. Alibaba is the second Asian company to surpass a valuation of over $500 billion USD. Alibaba is the largest e-commerce company and retailer in the world.

In Alibaba’s second quarter reports for 2020, its bottom line increased 36% year over year. In addition to this, its revenue was up 40% year over year to $16.65 billion.

The CEO of the company, Daniel Zhang stated, “Alibaba delivered excellent results this past quarter. We were well-positioned to capture growth from the ongoing digital transformation, which has been accelerated by the pandemic, in both consumption and enterprise operations.”

It will be interesting to see how the coming months affect BABA stock price, as it is already up more than 25% in 2020.

Top E-Commerce Stocks To Watch Before October 2020: Wayfair Inc.

Next up on this list of e-commerce stocks is Wayfair Inc. (W Stock Report). Wayfair sells furniture and home items via an e-commerce platform. The brand offers more than 14 million items from 11,000 suppliers across the world. As of 2020, the company employs more than 12,000 people. W stock is another e-commerce gainer in 2020. Previous to the pandemic, W stock was sitting at $81 a share on average. Then the pandemic arrived and it fell to $23 a share at its low.

Since this fall, W stock price has made an impressive comeback. As of September 23rd, W stock is at $286 a share on average. That is a 253% increase from W stock price recent low. In its August 5th quarterly report, Wayfair’s revenue increased 84% year over year. Total revenues increased 84% annually to $4.3 billion during the period.

The CEO of the company, Niraj Shah said, “We experienced unprecedented demand in Q2 and saw record numbers of new and repeat customers choose Wayfair. Our proprietary logistics network, strong supplier partnerships, and nimble and dedicated team of more than 16,000 employees enabled Wayfair to consistently serve our customers at a time they needed us most, both in North America and Europe.”

Could Wayfair’s momentum continue throughout 2020? That is unsure but what we do know is that W stock should be on your list of e-commerce stocks to watch.

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Top E-Commerce Stocks To Watch Before October 2020: Etsy Inc.

Lastly on this list of e-commerce stocks is Etsy Inc. (ETSY Stock Report). Etsy is an e-commerce company with a focus on selling handmade items, vintage items, and much more. The pandemic has caused a large uptick in the ETSY stock price. This is due to the increased amount of users and sales the company is currently experiencing.

In 2020, Etsy is outperforming its Amazon counterpart (competitor), Handmade. That is why it is on this list of e-commerce stocks to watch.

But what about Etsy’s quarterly results? Well, these were released on August 5th and reported revenue of $428.7 million. This revenue number is 136.7% higher year over year, which is simply incredible for the company. This has resulted in ETSY stock price increased by more than 157% throughout 2020. It will be great to see what Etsy reports for its next quarter. This will likely define the future of this e-commerce stock, and possibly pique the interest of many investors.

By Josh Dylan

Josh Dylan is an active contributor to StockMarket.com. His forte is in geosocial events and emerging trends in the stock market today. As an active contributor to other financial outlets like MarijuanaStocks.com, his ability to study current events and determine the potential market reaction is what sets him apart from other writers.

After studying at UC Santa Cruz and earning a bachelor's of art and art history, Josh also went on to start his own business in art resale. Identifying underserved niches like this has allowed him to think outside the box when it comes to applying this approach to the stock market.

His new-age take on social media and branding gave Josh the foresight to apply certain lifestyle trends to market moving topics. This has included the recent trend in the cannabis industry and marijuana stocks as well as following emerging technology such as artificial learning and web-bots. Fundamentals are just as important as momentum in Josh’s opinion. Being able to understand how to apply popular trends to investing is of major importance. If the price of oil is sinking but the price of gold is following along, we want to understand why, not just follow the broader trend.

Josh Dylan makes it a point to not only mention what hot “today” but also find ways to apply that to find future opportunity in the stock market. What’s more is that Josh has become an active part in the StockMarket.com social media team. He works to delivery top research not only one StockMarket.com but also bring it to the readers, directly.

By studying the macro-economic events in the market, Josh makes sure to find events that could shift micro-economic trends. He prides himself on taking a unique approach to information but not taking things for “face value”. When it comes to the stock market, things can change at a moment’s notice and Josh makes sure to stay ahead of that with sound research and diligence. When Josh isn’t writing about the stock market, he enjoys spending time with his family and surfing. He currently calls Southern California his home.

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