3 E-Commerce Stocks to Buy Right Now
The coronavirus crisis has forced many Americans to look to online shopping for their necessities more than ever before. The trend toward online shopping was already well under way before COVID-19, with 11% of all retail sales occurring online in 2019, compared to 9% in 2017. But the virus is accelerating this trend, and many consumers who may have been resistant to online shopping before are now doing it out of necessity.
Even after Americans are able to get back to shopping at stores in person, don't expect e-commerce sales to slow down. eMarketer estimates that e-commerce sales will reach 16% of all U.S. retail sales by 2023, and Amazon.com (NASDAQ: AMZN), Shopify (NYSE: SHOP), and PayPal (NASDAQ: PYPL) are already well on their way to benefit from this trend.
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Source Fool.com
