Last year, the number of people who stayed at home to protect themselves from illness progressively grew. In the first half of 2020, online retail sales in the United States reached $200.7 billion, up 44% from mid-2019. In 2021, over 2 billion people are estimated to be part of the global online buying demography. By 2024, the global e-commerce sector is predicted to reach $7 trillion, and $10 trillion by 2027. AlixPartners LLP conducted a survey of over a thousand consumers in March and April, and found that at least a third of buyers in the United States would continue to purchase online. E-commerce sales are predicted to expand at a faster rate in 2020 than they were in 2019. In 2021, we’ve put up a list of the best e-online stocks to buy. Hedge fund sentiment, fundamentals, analyst ratings, and growth prospects are used to choose the stocks on our list.
Insider Monkey looks at the 16 best e-commerce stocks to buy in 2021. On the list of the best e-commerce stocks to purchase in 2021, Jumia Technologies AG is ranked 16th. The stock has increased 437.52 percent in the last year, while the company’s gross profit margin is 68.86 percent. On the list of the best e-commerce stocks to purchase in 2021, ContextLogic Inc. is ranked 15th. Wish is the company’s platform that connects customers with merchants while also providing marketplace and logistical services to businesses. ContextLogic was up 18% in June as a result of the meme stock surge. On the list of the best e-commerce stocks to purchase in 2021, Overstock.com, Inc. is ranked 14th. Retail, tZERO, and Medici Ventures are the company’s three divisions. Furniture, home decor, kitchen, and dining goods are among the items available. Chewy, Inc. is an e-commerce company based in the United States. On the list of the best e-online stocks to purchase in 2021, the company is ranked 13th. In the last year, Chewy’s stock has increased by 71.28 percent. Wayfair Inc. is the 12th best e-commerce stock to purchase in 2021, according to our ranking. The company has around 22 million products in the home sector from a variety of brands to sell. Its stock has increased by 30.04 percent in the last six months and by 30.04 percent year to date. On the list of the best e-commerce stocks to purchase in 2021, eBay Inc. is ranked 11th. According to Bloomberg, the company has gained 35.53 percent in the last six months and year to date. For more details, click 16 Best E-Commerce Stocks to Buy in 2021.
Unsplash
