3 Top E-Commerce Stocks to Buy Right Now
E-commerce was already eating the lunch of brick-and-mortar retail headed into 2020, and the pandemic sealed the deal -- online-based shopping and business transactions are now a staple. In fact, in many ways the pandemic helped save small mom-and-pop retail stores from Amazon (NASDAQ: AMZN) and big-box stores. A multitude of tools now exist to help businesses of all sizes put the power of internet-based selling to work for them. Three such platforms helping e-commerce proliferate around the globe are Wix.com (NASDAQ: WIX), Etsy (NASDAQ: ETSY), and Facebook (NASDAQ: FB). Here's why all three look like timely buys right now.
E-commerce is quickly becoming a multidimensional term. The industry has come a long way from simply placing orders for goods on websites. In the wake of the pandemic, common online capabilities include ordering food for delivery, consulting with a professional service via chat or video, purchasing and consuming entertainment, and new product search and discovery. Wix is a top platform helping unlock such capabilities for small businesses around the world.
Wix's no-code website-building business has had a busy 2021 so far. Early in the year it said it had surpassed 200 million registered users, a figure that's still steadily growing. However, Wix is now turning its focus to premium features, its fastest-growing segment, which it reports as "Business Solutions." Revenue generated by this unit accounted for only about one-quarter of the company's total, but sales grew 97% year over year during the first few months of the year.
Source Fool.com
