My Best E-Commerce Stock for 2021
The pandemic generated tailwinds for many e-commerce companies over the past year as shoppers stayed home and ordered more products online. The ongoing crisis accelerated the shift from physical to digital stores by roughly five years, according to IBM's U.S. Retail Index, and the changes could be permanent.
I recently diversified my e-commerce holdings with new stakes in Sea Limited (NYSE: SE) and MercadoLibre (NASDAQ: MELI), which dominate the Southeast Asian and Latin American markets, respectively. Both are still great growth stocks -- but their valuations might be a bit high for conservative investors.
Therefore, there's only one e-commerce stock I'd recommend to everyone, regardless of their tolerance for risk, in 2021. That stock is Amazon (NASDAQ: AMZN), the world's largest e-commerce company by annual revenue. Let's examine the four top reasons to buy Amazon, even after its stock price has rallied more than 450% over the past five years.
Source Fool.com
