SHOP - 3 E-Commerce Stocks You Can Buy and Hold for the Next Decade
2023-09-24 06:55:00 ET
E-commerce is now a permanent fixture on the retail landscape. This goes well beyond companies that sell almost exclusively online. Brick-and-mortar retailers also embrace the concept and offer omnichannel retailing that provides the advantages of both online and offline retailing.
That trend should continue for a decade and likely much longer. Market research firm Research and Markets estimates this industry will reach $71 trillion in annual sales by 2028, taking its compound annual growth rate (CAGR) to 27% during that time. This means even if growth slows after that year, e-commerce will continue to create trillions in shareholder wealth.
Although numerous companies across the retail landscape will benefit from this impressive growth, Amazon (NASDAQ: AMZN) , MercadoLibre (NASDAQ: MELI) , and Shopify (NYSE: SHOP) are particularly well-positioned to enrich investors. Here's a bit more about these three buy-and-hold e-commerce stocks.
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3 E-Commerce Stocks You Can Buy and Hold for the Next Decade