3 Top E-Commerce Stocks to Buy in January
Many e-commerce stocks stumbled over the past year as investors fretted over their slowing growth in a post-pandemic market. The impact of inflation on consumer spending made them even less appealing, and rising interest rates exacerbated that pressure by driving investors toward more conservative value stocks.
Yet as consumers continue to buy more products online, the global e-commerce sector could grow at a compound annual rate of 27% between 2022 and 2027, according to Infiniti Research. Therefore, it's still a good idea to tune out the near-term noise and buy a few leading e-commerce stocks for the long term. Here are three solid online shopping stocks that fit the bill: Amazon (NASDAQ: AMZN), Etsy (NASDAQ: ETSY), and Pinduoduo (NASDAQ: PDD).
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