© Reuters. E-commerce industry 2021: A complete guide for investors
The e-commerce industry grew well before the pandemic. But what was once a convenience is now a necessity. Even with the economy open, e-commerce is still here and ready to grow. In addition to providing an industry overview, David Cohne rates five of the largest ecommerce stocks such as Amazon.com (NASDAQ :), eBay (EBAY), Shopify (NYSE :), Alibaba Group Holding (NYSE 🙂 and Wayfair (NYSE :). One of the biggest beneficiaries of the coronavirus pandemic is the e-commerce industry. The initial shutdown of the epidemic left people working from home, away from society and, more importantly, shopping online. Out of fear of getting infected with the virus, people ordered essential items and electronics on Amazon (AMZN) and other online stores and used Instacart for groceries.
While e-commerce has grown by leaps and bounds, 2020 is a game-changing year for the industry and e-commerce stocks. E-commerce has gone from convenience to necessity. It has changed the way we shop and the way retail companies operate. Even as the economy continues to open and many stores and businesses reopen, these changes persist here.
E-commerce as a percentage of total US retail sales has grown from 16% in 2019 to 21% in 2020 and has plenty of room for growth. In the long term the industry represents a great investment opportunity, but there are a number of hurdles in the coming months. In this article, I will evaluate the 5 biggest names in e-commerce at the moment: Amazon.com, Inc. (AMZN), eBay Inc. (NASDAQ :), Shopify Inc . (SHOP), Alibaba Group Holding (BABA), and Wayfair Inc . (W).
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