These 3 Top E-Commerce Stocks Are No-Brainer Buys, but Not for the Reasons You Think
E-commerce has grown into a massive industry. Despite beginning in the late 20th century, it continues to grow at a relatively rapid pace. Grand View Research forecasts a compound annual growth rate (CAGR) of 11% through 2030, taking the industry's global size to $5.4 trillion if the prediction holds.
Despite the increase, many of the largest e-commerce companies have morphed into conglomerates, encompassing many businesses. Thus, despite their e-commerce potential, these three companies will likely drive most of their growth from segments outside of that business.
Most consumers and investors likely see Amazon (NASDAQ: AMZN) as an e-commerce company. That makes sense on some levels since online sales are the single largest source of revenue for the conglomerate.
Source Fool.com
