E-commerce stocks have benefited from a surge in online activity as many non-essential brick-and-mortar retailers have had to close due to the coronavirus. MercadoLibre (NASDAQ: MELI), the leading e-commerce player serving Latin America, has seen its stock climb more than 75% since the beginning of the year, trouncing the S&P 500. But Shopify (NYSE: SHOP), the software platform that enables businesses to run their online stores, has rocketed even higher with a more than 150% gain year to date.
Stock data year-to-date through July 10, 2020. Data by YCharts.