AKA - Etsy Shopify and Poshmark lead online retail rally

Internet retail stocks jumped on Wednesday on optimism that the disrupted supply chain and commodities inflation backdrop could improve at a better-than-feared pace. A drop in oil prices has combined with recent developments with the Ukraine-Russia war and China-U.S. relations to help raise sentiment across the broad market, particularly with tech stocks and high-growth e-commerce names. While the retail sales report for February showed a 3.7% drop for the category that includes online shopping, analysts think that mark is solid against the pre-vaccine pandemic comparable. Gainers amid the risk-on trading included Newegg Commerce (NEGG +12.7%), Revolve Group (RVLV +6.5%), Shopify (SHOP +8.2%), Poshmark (POSH +7.3%), Etsy (ETSY +5.5%), a.k.a. Brands (AKA +6.8%), Chewy (CHWY +5.5%), Solo Brands (DTC +6.0%), Blue Apron (APRN +2.7%) and Wayfair (W +3.1%). Amazon (NASDAQ:AMZN) also outperformed the Dow Jones 30 and S&P 500 Indexes with a 2.22% gain. See which consumer discretionary stocks have the highest

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Etsy, Shopify and Poshmark lead online retail rally