With its exponential growth and tremendous returns, the e-commerce industry continues to astound worldwide markets. The e-commerce revolution is only getting started, so now is the greatest moment to join in on the ground floor. Last year, the global e-commerce market was able to achieve new heights. In 2020, e-commerce sales are predicted to increase by 33.6 percent, reaching $799.18 billion. Amazon.com and Walmart, two of the industry’s biggest names, are gaining investor and analyst confidence. By 2027, the e-commerce market is estimated to be worth $16,215.6 billion. Traditional shops are bearing the burden of the worldwide economic downturn caused by the pandemic. In 2020, ten of the largest publicly traded retail companies in the United States lost about $38 billion in revenue.
Insider Monkey looks at the 12 best e-commerce stocks to invest in. Jumia Technologies AG is an African e-commerce platform with operations in Portugal, Germany, and the United Arab Emirates. On the list of the best e-commerce stocks to buy, the company is ranked 12th. It has a 68.86 percent gross profit margin. Overstock.com, Inc. is an American internet retailer. The stock has increased by 103.34 percent in the last six months and by 97.21 percent year to date. It comes in at number 11 on the list of the best e-commerce stocks to buy. Chewy, Inc. is an e-commerce company based in the United States. On the list of the best e-commerce stocks to buy, the company is ranked 10th. In the last year, Chewy’s stock has increased by 83.22 percent. EBay Inc. is ranked 9th among the best e-commerce companies to buy. The stock has risen 40.28 percent in the last six months and 36.87 percent so far this year. For more details, click 12 Best E-commerce Stocks to Invest In.
