2 Top Growth Stocks to Buy Hand Over First in December
This year hasn't been fun for growth stock investors, many of whom have seen their portfolios drop by double digits in 2022. But with the Nasdaq Composite down 28% year to date, now might be a great time to shop for deals in a beaten-down market. Let's explore why Global-e Online (NASDAQ: GLBE) and Farfetch (NYSE: FTCH) could make top buys.
Founded in 2013 and going public in 2021, Global-e Online is an e-commerce infrastructure platform designed to enable and accelerate cross-border digital sales and fulfillment. Its unique business model and massive market opportunity position it for long-term success.
According to data aggregation site Statista, the global e-commerce market is expected to expand at a compound annual growth rate (CAGR) of 12.24% to $6.43 trillion by 2027. While most of this growth will be dominated by third-party marketplaces such as Amazon, lesser-known companies like Global-e will also benefit by breaking down the geographic barriers between specific markets.
Source Fool.com
