Are you wanting to invest in some stocks? If so, you are probably wondering which stocks and which types of stocks to buy.
Right now is a great time to buy eCommerce stocks with eCommerce sales bringing in about $3.914 trillion in 2020. The global pandemic fueled the flames for eCommerce to grow as more and more people purchased goods online.
Keep reading to learn about some of the best eCommerce stock to buy right now.
1. Baozun
Baozun is an eCommerce business in China and is closely tied to China’s largest online marketplace Alibaba along with other Chinese eCommerce platforms such as Tencent and JD.com. It is a logistics partner for brands that wish to sell in the Middle Kingdom but don’t want to set up their branch offices in the country.
Baozun has recognizable and big customers like Starbucks, Nintendo, and Nike. Some experts see Baozun’s stock as the next Shopify.
Baozun is still going strong after regulatory concerns for China’s tech firms, U.S. and China trade wars, and also the pandemic. It ended 2020 with more than 258 brand partners which are up from 222 in 2019. The company’s revenue also increased 22 percent to $1.36 billion.
The company also ended 2020 with $771 million cash with about $270 million in debt. The company is still in growth mode and posed to hit a higher profitability scale as it expands across the Pacific. Another added bonus is that the stock is relatively cheap right now.
2. Etsy
Etsy’s stock price did fall from its all-time highs. However, revenue was up about a shocking 111 percent last year, taking the company to $1.73 billion. Its sold merchandise doubled in 2020.
Etsy is highly profitable with adjusted earnings of around $549 million, which is up nearly 200 percent. Etsy’s share prices are also up about 350 percent since the beginning of 2020.
As people worry it will slow down as the pandemic ends, this company was a high-growth entity before COVID-19.
3. Alibaba Group Holding Ltd.
We mentioned Alibaba earlier, and this company provides marketing reach and technology infrastructure to businesses and merchants to find and engage customers. It is one of the world’s largest eCommerce companies and retailers.
The company also is one of the largest venture capital firms and possibly one of the biggest investment corporations in the world.
2020 earnings were up 37 percent from 2019. Active customers in the China retail market also increased to an impressive 779 million.
4. CarParts.com Inc.
CarParts.com is a factory-direct-to-consumer shopping experience. It offers more than 1 million various auto parts for maintenance and repair. The new distribution center in Texas boasts a two-day shipping turnaround to customers throughout the U.S.
It also has a new dedicated hub for electric and hybrid vehicles. It also makes aftermarket parts for car manufacturers such as Ford and Tesla.
CarParts appears to be ready to dominate the digital auto-retail space.
5. Chewy
Chewy added 5.7 million customers in 2020 and total revenue increased 47 percent to $7.15 billion. Chewy automates the shopping basics for a household with pets. This includes things like food, toys, and also medications.
Management forecasts another 25 percent in 2021 as the company continues to focus on gaining new customers.
Chewy is also experimenting with other tech-enhanced services such as vet conferences. This allows people to connect with a vet over a video conference or phone. Plus, this service is free for customers using Chewy’s auto-ship feature.
Buy Some of the Biggest eCommerce Stocks Today
eCommerce continues to grow as more consumers continue to purchase goods online. Be sure you do your research before purchasing stocks, but these eCommerce stocks are definitely worth checking out today.
For more financial or business advice, keep perusing our site for more informative articles.
