2 Buy-Rated E-Commerce Stocks To Own In 2021

NASDAQ: AMZN | Amazon.com, Inc. News, Ratings, and Charts

The COVID-19 pandemic has disrupted the retail landscape, revolutionizing the way companies operate and grow their businesses, as well as how consumers choose to shop and pay.

According to Digital Commerce 360 estimates, consumers spent $861.12 billion online with U.S. merchants in 2020, up 44% year-over-year. Moreover, online spending represented 21.3% of total retail sales for the year. Investors’ bullishness about the e-commerce sector is evident in the Global X E-commerce ETF’s (EBIZ) 83% gains over the past year.

The trend will likely continue in 2021 as more people settle even more comfortably into the remote lifestyle. Major e-commerce companies have capitalized on the stay-at-home norm through timely deliveries and easy return policies, highlighting the benefits of online shopping in lieu of shopping at brick-and-mortar stores.

Industry leaders Amazon.com, Inc. (AMZN - Get Rating) and eBay Inc. (EBAY - Get Rating) are focusing on bringing personalization to customers shopping online through greater tech and marketing integration. Hence, we think these stocks should be good additions to your portfolio.

Amazon.com, Inc. (AMZN - Get Rating)

Founded in 1994, AMZN is the world’s largest online retailer, with a market cap of $1.7 trillion. The company also provides cloud computing services through Amazon Web Services and operates a streaming platform, Prime Video, among other ventures.

On February 3, AMZN announced that the founder and CEO Jeff Bezos would be stepping down from his role the coming third quarter, following which Andy Jassy will take over as CEO. Andy Jassy has played a vital role in launching and building AWS, which is the company’s core growth engine. He has been involved in key decisions such as the launch of Amazon Prime and Amazon’s logistics business and has contributed to the company’s famed culture. Jassy’s close working relationship with Bezos and knowledge of the business equips him with to handle the CEO role.

1 2 3
View single page >> |

Disclaimer: Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Monica Kingsley 2 weeks ago Contributor's comment

= higher earnings and more extended P/E ratios

Monica Kingsley 2 weeks ago Contributor's comment

I wholeheartedly agree that this is not the time to get bearish on tech. The valuations and tech earnings will get both better.