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COVID-19 has had a huge impact on the stock market, but a massive impact on emerging e-commerce stocks.
While many companies braced for impact and hoped simply to stay in business, many e-commerce companies experienced a wave of increased business.
With nowhere else to go but home, consumers can’t shop at traditional brick-and-mortar stores anymore. They have to go online.
Due to this, the global e-commerce market has shot up 20% year over year and produced $3.535 trillion in revenue so far.
Amazon.com (NASDAQ: AMZN), for example, is on track to be one of the biggest e-commerce companies on Wall Street — shocking traders when it reported hitting $55.4 billion of revenue in the second quarter and sales that climbed 40% year over year.
Amazon isn’t the only e-commerce stock to emerge and surge due to the coronavirus. Walmart, Target, Alibaba (NYSE: BABA) and Shopify (NYSE: SHOP) are dominating the online-retail market, completely capitalizing off a global pandemic.
And there’s another e-commerce stock that’s looking to become the second Amazon.
In this new age of self-quarantining, working-from-home and online shopping, e-commerce stocks are reaping the benefits.
According to the U.S. Census Bureau, people spent about $211.5 billion on e-commerce during the second quarter. That’s a 31.8% increase from the first quarter.
With e-commerce platforms now seeing a huge amount of engagement by consumers who are stuck at home, these emerging e-commerce stocks are getting stronger every day and crushing all expectations.
And have you heard of the company investors are calling the “Chinese Amazon”?
I recently noticed that this under-the-radar e-commerce company has some big money piling into it and a beautiful rounding bottom that I can’t take my eyes off of…
Tune into today’s video and let me know if you like trading e-commerce stocks. Have you traded any of the tickers in the video before? If you haven’t already or plan to after watching the video, share your thoughts in the comment section below.
P.S. News on the street is that there’s a historic broadcast airing soon… and what’s going to be revealed could change everything you thought you knew about trading.
But not everyone is thrilled about this…
You see WealthPress Trader Jeff Yastine got word that, moments ago, someone tried to infiltrate an exclusive report to expose a $15 trillion tech breakthrough that could make millions of Americans rich…
…It’s a new tech that threatens to bring the 5G rollout to a screeching halt.
So we must protect this broadcast and report from any further sabotage attempts at any cost.