Many growth stocks have fallen sharply in recent months, pulled down by concerns about the strength of the economy. But macroeconomic headwinds like high inflation won't change the long-term growth trajectory of the e-commerce industry. According to eMarketer, online retail sales will continue to take share from brick-and-mortar sales for many years to come.
Companies like Shopify (NYSE: SHOP) and Global-e Online (NASDAQ: GLBE) should benefit from that trend, and with both stocks trading more than 70% off their highs, now looks like a good time to buy a few shares.
Here's what you should know.
For further details see:
Down Over 70%, 2 Top Growth Stocks to Buy Now and Hold