2 E-Commerce Stocks to Watch in July
Due to the pandemic, e-commerce companies experienced the most significant tailwind in their history in 2020 and 2021. Now these companies are facing difficult comparisons and a weakening consumer environment that could affect their financial results. In July many companies will report their second-quarter results, but I've got my eye on two in particular: Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI). Read on to find out why I'm intrigued by their upcoming results.
In the e-commerce world, there's no one bigger than Amazon. The stalwart has long dominated online shopping, but had a tough quarter when investors last heard from it. In Q1, Amazon burned $18.6 billion in cash while sales only rose 7%. Its e-commerce divisions spearheaded these poor results.
Source: Amazon.
Source Fool.com
