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Top 2 E-Commerce Stocks To Watch: Which Is A Better Bet?

Are These E-Commerce Stocks On Your July Watchlist?

e-commerce stocks to buy

Alibaba Vs. Wayfair: Which is the better e-commerce stock to buy?

E-commerce stocks have been some of the most well-performing in the market. E-commerce has been on the rise for a long time now. It is simply easier to purchase things online than going to a store. Well, everybody is stuck at home at the moment. That means that e-commerce just received a massive boost from consumers. Many top e-commerce stocks have been able to rise to new heights because of this.

That doesn’t mean all e-commerce stocks are doing well though. Many have not been able to recover yet but could be on their way. We have seen how companies like Amazon (AMZN Stock Report) have grown to become massive e-commerce companies in the last few years. Shopping malls in many places have shut down entirely just due to the growth of e-commerce over time. That is why e-commerce stocks can be great to watch as it’s a growing industry.

It is unsure what will happen to e-commerce stocks once the world reopens everything again. But e-commerce was already on the rise before so it can’t affect things that much. There are many e-commerce companies making more profit than ever during the last few months. So let’s look at two top e-commerce stocks that have been trending in the market.

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Top E-Commerce Stocks To Watch In July: Alibaba

The first e-commerce stock to watch on this list is Alibaba Group Holding Limited (BABA Stock Report). The company focuses on e-commerce, technology, retail, and more. It allows 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.

Shares of BABA stock were at $222 before the pandemic started around the world. Then, BABA stock price dropped to around $176 a share on average. This 20.72% decrease in BABA stock price was not as bad as some other e-commerce stocks. Since then, BABA stock has risen back up in the market. In fact, BABA stock price is at an all time high as of July 22nd at $250.02 a share on average. That puts BABA stock 12.62% higher than it was before the pandemic began.

This rise in BABA stock price is due to increased sales as a result of the pandemic. People are going to online retailers more during this time and it is no surprise many chose Alibaba. As it’s the world’s largest e-commerce site, many began purchasing more items from the website. That is what makes BABA stock a potential e-commerce stock to buy for investors.

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Top E-Commerce Stocks To Watch In July: Wayfair

The second e-commerce stock to watch, Wayfair Inc. (W Stock Report) is also reaching new heights. Wayfair sells furniture and home items via an e-commerce platform. It was founded in 2002 and offers more than 14 million items from 11,000 suppliers across the world. Based in Boston, Wayfair also has offices and warehouses in many countries. In 2019, Wayfair brought in $9.13 billion in revenue. And as of 2020, it employs more than 12,000 people.

Before the pandemic began, W stock was at around $81 a share on average. As soon as the economy crashed, W stock price dropped to around $23 a share at its lowest. Since then, W stock has seen a steep incline. This is due to the increased sales for Wayfair during these times where e-commerce is more relevant than ever. As of July 22nd, W stock price is at $225.58 a share. This is a 178.49% increase from W stock before the pandemic. This is also an 880.78% increase from W stock price recent low in March.

What Now

So it is clear that even in these times many e-commerce stocks can strive. In fact, many are set to do better than they were before. W stock and BABA stock are perfect e-commerce stocks to watch for that very reason. That is why it is important to keep your eye on rising e-commerce stocks in the market. Investors who bought these e-commerce stocks at their low were able to make a profit.

By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.