The 4 Largest E-Commerce Stocks in 2020
The American consumer's shift toward online shopping accelerated in a big way this year. Domestic e-commerce sales are on pace to grow by 32% in 2020 to $795 billion, a level that the analysts at eMarketer had originally expected wouldn't be reached until 2022. The market analysis firm now forecasts that U.S. e-commerce revenues will reach $1.2 trillion in 2024.
This market will evolve and change over time, but a few giants are already grabbing outsize shares of it. All of the companies below are beating the market year to date, and seem poised to continue doing so for years to come. Here are the four largest e-commerce stocks by market cap in mid-November 2020, for your consideration.
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Source Fool.com
