Better Buy: MercadoLibre vs. Alibaba
It's no secret that one of the best investing themes so far in 2020 has been e-commerce. According to the U.S. Census Bureau, online sales are up 16.6% through May compared with 2019 figures, and the Global X E-Commerce ETF is up 28% this year to date compared to a negative 3.5% return for the S&P 500.
The trend is far from over, though. With COVID-19 continuing to wreak havoc on lives and the global economy, e-commerce is more important than ever. And while Amazon continues to command the U.S. front, there are lucrative opportunities in emerging markets in Asia and Latin America. Two that should be at the top of investors' watch list are MercadoLibre (NASDAQ: MELI) and Alibaba (NYSE: BABA).
But which stock is the better buy at the moment? Let's take a closer look and see.
Source Fool.com
