E-Commerce and Work-From-Home Stock Wix.com Is Still a Buy
Shares of Wix.com (NASDAQ: WIX) are down over 20% from their all-time high as of this writing. The website-building and e-commerce company has been dragged down by optimism surrounding progress on a COVID-19 vaccine -- specifically, the idea that eliminating the novel coronavirus could dampen demand for digital tools like Wix. No complaints from me there. A quarterly loss during Wix's third quarter didn't help either.
But looking further down the road, the reasons for long-term optimism surrounding Wix remain unchanged -- vaccine, quarterly loss, or otherwise.
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Source Fool.com
