2 Unbelievably Cheap E-Commerce Stocks to Buy Before 2023
It can be tough to put money in the market when stocks are falling like they have this year, but every investor would love the chance to go back in time and buy more stocks in 1974 or 2008, right before the market went on to reach new highs.
The steep sell-off in e-commerce stocks this year might provide a similar opportunity. Allocating a small percentage of your portfolio to leading names in e-commerce could prove to be a brilliant move down the road. Here's why I would put my money on Wayfair (NYSE: W) and Alibaba (NYSE: BABA).
Wayfair has emerged as a major brand in the $800 billion home goods market. Ongoing marketing efforts are fueling the increase of Wayfair's consumer mindshare and contributing to the company's tremendous growth over the last decade. Revenue has surged from $2.3 billion in 2015 to $12.7 in the past year. However, worries over a recent slide in revenue amid a weakening economic backdrop have sent the stock down over 80% year to date.
Source Fool.com
