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Top E-Commerce Stocks To Watch This Week; 3 Names To Know

E-Commerce continues to surge amid the covid-19 crisis, here are 3 stocks that are in focus this week and beyond.

Are These The Best E-Commerce Stocks To Buy Right Now?

One of the hottest sectors of the stock market in 2020 has been e-commerce stocks. This is because of COVID-19 and a lot of consumers transitioning to online sales. So far this month, top e-commerce stocks to watch are continuing to shine as it was in the last previous months as well. Earnings have been extremely positive, and many companies are doing better than ever.

So e-commerce focused companies are striving because of the virus. Lots of e-commerce stocks recovered or have come close in recent months. Companies that have been able to use successful marketing strategies throughout 2020 are doing well as a result such as Amazon (AMZN Stock Report), and Alibaba (BABA Stock Report). Investors of e-commerce stocks that got in before the virus occurred were able to make a profit. This means there are many good e-commerce stocks to watch as the market is ever-changing. So with that being said, let’s have a look at 3 that have been trending in the market during this year, and as we enter October.

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Top E-Commerce Stocks To Watch This Week: Chewy Inc.

The first e-commerce stock to watch on this list is Chewy Inc. (CHWY Stock Report). Chewy is an online pet store that makes e-shopping for different animal-related items easy. This means that people were able to order things like pet food and toys at ease during the quarantine. In 2019 Chewy was valued at $10.2 billion, just 8 years after the company’s conception. Chewy is partially owned by PetSmart who has a 63.5% stake in the company. Let’s talk about Chewy’s second-quarter financials recently announced on September 10th.

The e-commerce pet company announced net sales of $1.7 billion, a 47% increase year over year. This positive report only furthered the upwards momentum that CHWY stock was experiencing.

Sumit Singh, the CEO of the company said, “As e-commerce undergoes meaningful changes, multi-year growth curves have been compressed into timeframes measured in quarters, if not months. Over the past few years, we have invested in technology, new businesses, fulfillment capacity, and building an extraordinary team. This has prepared us to quickly adapt to the acceleration of our own growth curve. This preparation, agility and business athleticism enabled us to provide top-notch service to the growing millions of pet-owning households in the U.S. who depend on Chewy.”

In 2020, CHWY stock price is up more than 83% in total. In the last 5 days, that is a nearly 14% increase in stock price. That is why it is on this list of e-commerce stocks to watch in October.

Top E-Commerce Stocks To Watch This Week: eBay Inc.

Now let’s talk about a big e-commerce giant, eBay Inc. (EBAY Stock Report). Chances are you have heard of eBay if you do your shopping online. eBay is an e-commerce site that allows people to list their items to sell for free. It takes a percentage of the sales, hence how the company makes a profit. These listings operate on a buy it now or auction-style listing. It has grown to be one of the largest e-commerce companies in the world. EBAY stock price is up significantly in 2020, hence why it has made this list of e-commerce stocks to watch.

Let’s talk about eBay’s recent financial reports though. These were released on July 29th, so it has been a few months. The company’s bottom line improved by 63.6% year over year. The company’s top line was up 18 and 21% from the previous year as well. Its quarterly revenue of $196 million was up 120% from 2019’s second quarter. In 2020, EBAY stock price is up more than 48% a share.

The company is expected to report strong online sales that will impact its earnings, according to analysts. It will be interesting to see how eBay stock performs in the market as the future of 2020 comes. These recent positive reports are precisely why EBAY stock has made it onto this list.

[Read More] 3 Top Tech Stocks to Watch After The September Slide

Top E-Commerce Stocks To Watch This Week: Fiverr International Ltd.

Last on this list of e-commerce stocks is Fiverr International Ltd. (FVRR Stock Report). Fiverr is an online marketplace where sellers can sell services to buyers. This includes many categories such as graphic and design, digital marketing, writing, translation, video, and hundreds more. The company is relatively new, being founded only 10 years ago, but has risen to popularity in the last 5 years. This company is yet another e-commerce company that has seen the great benefit of the pandemic situation.

Fiverr reported revenue growth of 82% year over year in its second-quarter results. In addition to this, its active buyers grew 28% year over year.

The CEO and Founder of the company, Micha Kaufman said this about the positive results, “We have delivered an outstanding quarter of results as our strong execution amidst the COVID-19 pandemic resulted in 82% y/y growth in revenue and Adjusted EBITDA profitability. I’m incredibly proud that Fiverr has been playing an important role in the livelihoods of individuals and businesses everywhere during this challenging global environment.”

In 2020, FVRR stock has gone from $24 a share to over $149 a share as of October 2nd. This rapid growth of the company is why it has made its way on to this list of e-commerce stocks to watch. Fiverr International has the potential to continue growing throughout 2020, but only its future advancements and financial reports will tell.

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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