2 Top E-Commerce Stocks to Buy in April
E-commerce stocks have been some of the worst performers in the market over the last year, but online retail spending is a massive market estimated to reach over $7 trillion in annual sales by 2025, according to eMarketer. While online spending could remain under pressure in the near term, investors who invest in leading brands and hold patiently through the bumps in the road should do very well over the long term.
If you have some extra cash this month, there are good reasons Shopify (NYSE: SHOP) and eBay (NASDAQ: EBAY) could be timely buys.
Shopify's expensive stock got slammed by the slowing growth in e-commerce last year, but revenue growth has started to accelerate. The company's 26% year-over-year revenue growth in the fourth quarter looks strong for a stock that is trading at its lowest price-to-sales multiple since it started trading in 2015. The stock is already up roughly 36% year to date.
Source Fool.com
