3 Top E-commerce Stocks to Buy Right Now
While online shopping has become an everyday occurrence for some, e-commerce is only just getting started. Consumers worldwide spent an estimated $3.46 trillion online in 2019, up nearly 18% year over year, according to Digital Commerce 360. Digital sales are projected to represent more than 16% of total retail for the year, and account for more than three-quarters of retail's total gains. And those numbers are only expected to grow from here.
It's easy to see the allure of online commerce, which offers a number of benefits compared to brick-and-mortar retail. These include time savings, greater variety and selection, and the ability to locate hard-to-find items. Additionally, free and low-cost shipping are becoming the rule rather than the exception, providing even more of an incentive for consumers to shop from the privacy of their desktops or mobile devices.
Let's look at three companies best positioned to benefit from the ongoing migration to digital sales: commerce platform Shopify (NYSE: SHOP), Latin American e-commerce provider MercadoLibre (NASDAQ: MELI), and the grand-daddy of them all, Amazon.com (NASDAQ: AMZN).
Source Fool.com
