2 Top E-Commerce Stocks to Watch in October
It may seem like a lifetime ago, but it has only been a little over seven months or so that the coronavirus has been disrupting our daily lives. While most lockdowns are eased or finished in the U.S., many workers are still doing so from home and people are spending more time at home than ever before.
All of this has caused people to buy necessities from clothes to food (and everything in between) online and has made e-commerce more important than ever. To put this in perspective, consider that in the first quarter of 2019 e-commerce sales accounted for less than 11% of total retail sales in the U.S. That percentage jumped to more than 16% in the first three months of 2020 largely because of COVID-19.
If you're looking for a couple of great investments that are tapping into this growing move toward e-commerce and that have the ability to continue growing for years to come, take a look at what Shopify (NYSE: SHOP) and Square (NYSE: SQ) are doing.
Source Fool.com
