Categories
Consumer Stocks Featured Investing Stocks to Watch Tech Stocks

Looking For E-Commerce Stocks To Buy Right Now? 3 To Watch Before September

These top e-commerce stocks benefited from digitalization trends, now the pandemic has sped things further.

Top E-Commerce Stocks Making Big Moves This Week

E-commerce stocks have been among the market’s most resilient and best-performing stocks this year. When investors think of e-commerce, the undisputed leader Amazon (AMZN Stock Report) sure is the first thing that comes to investors’ minds. The pandemic has accelerated the adoption of online purchases and has helped Amazon stock climb more than 75% this year. Not too shabby for nine month’s worth of investing, considering its massive size. But if you’d invested during the coronavirus induced stock market crash in March, you would have doubled your investment.

The ProShares Online Retail ETF (ONLN Stock Report), which has 26 different e-commerce companies in its portfolio, handsomely outperformed the broader S&P 500 index. That tells you just how much optimism there is in this sector. Most top e-commerce stocks have made full recovery. Many are even trading higher than their pre-pandemic levels. Now that we are in the summertime, there is a trend toward more self-indulgent shopping. And that might potentially include more impulse buys. That will ultimately translate to higher traffic in the e-commerce marketplace. With all that in mind, should investors include these top e-commerce stocks on their watchlist before the next quarter?

Read More

Top E-Commerce Stocks To Buy Right Now [Or Avoid]: Shopify

First, up the list, Shopify (SHOP Stock Report) has been one of the biggest beneficiaries during the pandemic. It’s been a wild ride for SHOP stock since the stock has climbed more than 150% year-to-date. The company is well-positioned to help many companies move their businesses online in order to stay in business during the pandemic. 

The most recent quarterly result has certainly not disappointed investors. Of course, unprecedented growth isn’t sustainable. But, the company has created a new avenue for business owners to be more proactive in their sales strategy.

And because of that, there’s a great chance merchant who created their online stores are likely to maintain their digital presence even after the pandemic has run its course. 

Top E-Commerce Stocks To Buy Right Now [Or Avoid]: BigCommerce Holdings

With success from Shopify, there comes competition. BigCommerce (BIGC Stock Report) is another top e-commerce stock to watch in the long run. The newly listed e-commerce stock spiked more than 37% during intraday trading on Tuesday and continued their rally in the pre-market trading. This came after the company announced that its e-commerce checkout services would be available through Facebook’s (FB Stock Report) Instagram app. This integration allows consumers to check out on Instagram. Of course, this is way more convenient than leaving the app to open a merchant’s website. With this service,  merchants could sell their products through Instagram more easily. 

Now, before we conclude that this is the next Shopify, it’s worth considering the size of BigCommerce which is way smaller than Shopify. We can see the difference not just in terms of market capitalization. Shopify is reportedly to be at least 15 times bigger in terms of their client base. Looking at the annual recurring revenue (ARR) alone, Shopify is still head and shoulders above BigCommerce.

Of course, this will be a growth stock worth watching especially when there’s bullish sentiment among e-commerce companies. Investors will need to pay attention to the company’s future performance. That will inform if the new partnership with Instagram is able to boost BigCommerce’s top and bottom lines.

[Read More] Are These EV Stocks A Better Investment Than Tesla & Nikola?

Top E-Commerce Stocks To Buy Right Now [Or Avoid]: SAP

Yes, I know. SAP (SAP Stock Report) may not be an e-commerce stock, but it is the engine behind many e-commerce operations. The company’s SAP commerce cloud solutions ease customers’ purchasing process by helping to deliver a seamless experience. Just last month, SAP stock soared upon the announcement of Qualtrics spin-off.

Following the broader tech stocks sentiment, SAP stock is now trading higher than its pre-pandemic level. Shares of SAP have climbed more than 20% year to date. However, if you bought them during March, you would have reaped around 80% profit by now. The rising enterprise cloud sector coupled with the spin-off headlines are sending SAP stock higher.

The increasing importance of cloud computing businesses could further power SAP stock higher if your investment horizon is long enough. That said, would you invest in SAP stock today?

By Brett David

Brett David is a digital marketing and finance professional for nearly 10 years now and a contributing author for StockMarket.com. His passion for digital marketing and the stock market began after graduating with a B.S.B.A in business administration and finance. After completing college, he went on to becoming an entrepreneur in the marketing and finance space, which led to becoming a contributor to outlets such as ThriveGlobal.com, MarijuanaStocks.com, MarketingAgency.com and SearchEngineWatch.com.

Brett loves the ability to deliver to his readers engaging and educational content that can be easily consumed by the reader. He enjoys writing about a wide variety of companies ranging from blue-chip stocks to the undervalued small and micro cap stocks. His favorite stock market sectors today to write about are: Tech, Cannabis, Mining, Biotech, and TMT.

Brett has worked with hundreds of publicly traded companies on increasing their digital footprint and corporate outreach since 2013.

You can find Brett most of time digging through corporate filings conducting fundamental analysis or at an industry conference looking for the next big trend or company to hit the street. His digital marketing experience gives a competitive edge over other contributing authors by allowing him to see and analyze trends faster than the next person.

Brett, a South Florida native, enjoys spending time with his wife and son outdoors, and is an avid basketball and MMA fan.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments