2023-11-18 10:00:00 ET
You can't exactly forget Amazon . Some 200 million people are Prime members, and millions more still purchase from the e-commerce behemoth, or at least see the Prime truck rolling down their streets daily. As for its stock, I wouldn't strike it down right now either, and there are reasons to be bullish on Amazon shares.
But if you're looking for a great e-commerce growth stock and have a bit of an appetite for risk, there are other options that could supercharge your portfolio and offer the early-stage gains that Amazon created for shareholders when it was a younger company. Consider Global-e Online (NASDAQ: GLBE) , which you may not have heard of, but which is demonstrating impressive growth.
Global-e operates an e-commerce platform that offers cross-border solutions for retailers. It has all kinds of packages and services geared toward enterprise and small businesses, allowing any retailer with a web site to ship globally. It offers localized checkout in about 100 currencies and 200 locations, taking care of customs calculations and providing multiple shipping options.
For further details see:
Forget Amazon, This Stock Is a Better Buy