3 E-Commerce Stocks You Can Buy and Hold for the Next Decade
After years as one of the market's hottest trades, the e-commerce sector cooled down in 2022. The Global X E-commerce ETF, which holds many of the stocks in the sector, fell about 40% last year, and many former highfliers in the space fell even more. Investors gave e-commerce companies a lot of credit for the growth they exhibited during the pandemic, but as the economy reopened, they were no longer willing to extend this same credit.
But over the long term, the shift to e-commerce is still a powerful one. According to data from Infiniti Research, e-commerce is still expected to grow at a 27% compound annual growth rate (CAGR) through 2027 globally. Let's take a look at three top e-commerce stocks that investors can buy and hold for the next decade. All three are slightly off the beaten path, profitable, and trading at reasonable valuations.
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Source Fool.com
