Want to Get Richer? 2 Top Stocks to Buy Right Now and Hold
Last year, consumers spent $4.2 trillion shopping online, according to eMarketer. And that figure is expected to grow at an annualized pace of 12% over the next five years, reaching $7.4 trillion. As that trend plays out, merchants (and the software and fintech companies that support them) stand to benefit greatly.
For instance, Global-e Online (NASDAQ: GLBE) and Riskified (NYSE: RSKD) make e-commerce more profitable by helping merchants tap into new markets and reduce fraud-related expenses. Moreover, Global-e has a market cap of just $8 billion, and Riskified is currently valued at $3 billion. For that reason, even a small investment in these stocks could make you quite a bit richer in the long run.
Here's what you should know.
Source Fool.com
