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Forget Amazon: Three other E-Commerce Stocks You Can Buy for Your Investment Portfolio
By The Smart Investor  •  May 26, 2024
Investors may have expected e-commerce to slow down after the global pandemic. However, this has not been the case. According to EMarketer, global e-commerce sales grew from US$4.98 trillion to US$5.82 trillion from 2021 to 2023, showing no signs of slowing down. This trend is underscored by Amazon’s (NASDAQ: AMZN) first-quarter beat in fiscal year 2024 (FY2024), where net sales increased 13% year on year to US$143.3 billion, clearly indicating that e-commerce is here to stay. Net profit leapt to US$10.4 billion, 225% higher than the prior year. In line with its strong financial performance, Amazon’s share price has increased by 25% year to date. However, it is not the only e-commerce player riding this trend. We will look at three other e-commerce stocks that have displayed significant growth this year. JD.com (NASDAQ: JD) JD.com (JD) is a major e-commerce company based in China. The company’s stock has jumped over 22% this year, comparable to Amazon’s share price gain....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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