Etsy and Pinterest Are the Two E-Commerce Stocks You Need For the Long Haul
Etsy (NASDAQ: ETSY) and Pinterest (NYSE: PINS) lie at the confluence of several high-growth secular trends that are getting a boost during the current global health crisis. The two stocks have been two of my favorite buys in recent months, and fresh Q3 2020 financial numbers only reinvigorate my appetite for more.
Regardless of how long the effects of the pandemic last, these two e-commerce stocks should be on long-term investors' radar.
The online marketplace for handmade goods reported another stellar quarter that topped management's already-lofty predictions. Gross value of merchandise sold (GMS) on Etsy surged 119% higher year-over-year in Q3 2020 to over $2.63 billion (beating a prediction for 110% growth), leading to a 128% jump in revenue to over $451 million (predicted to grow 115% at the top of guidance).
Source Fool.com
