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Feb. 24, 2021, 4:08 p.m. EST

4 Top E-Commerce Stocks To Watch Right Now

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Feb 24, 2021 (StockMarket.com via COMTEX) -- Making A List Of Top E-Commerce Stocks? 4 Names To Know

E-commerce stocks have exploded in value on the stock market . If you told me that this would be the case over a year ago, I would find it hard to believe you. Sure, e-commerce was an emerging part of the retail industry before the pandemic hit. Back then, the online shopping experience was merely a convenience. However, this convenience was transformed into the main mode of business for countless stores across the globe. Understandably, this is because of how perfectly e-commerce fits the needs of shoppers staying at home in the middle of a pandemic.

Right now, most businesses that managed to set up proper e-commerce systems have mostly recovered from the March lows. Companies such as Amazon ( NASDAQ: AMZN ) who already had solid e-commerce infrastructure in place beforehand saw their share prices skyrocket. Besides, we also saw the rise of companies like Shopify ( NYSE: SHOP ) who facilitated the digital acceleration of the retail industry. In the past year, SHOP stock has more than doubled in price. It is no wonder then that investors are still vigilantly looking for the best e-commerce stocks to buy now.

Having read this far, I suppose you could be interested in jumping on the e-commerce train yourself. Well, if you are, here are some top e-commerce stocks to watch ahead of the next round of stimulus checks.

Best E-Commerce Stocks To Watch Ahead Of Incoming Stimulus Checks

Baozun Inc.

First off, we will be looking at the Chinese e-commerce service titan Baozun. The company facilitates online merchant growth through its e-commerce services, omnichannel coverage, and tech-driven solutions. It offers an all-in-one e-commerce solutions package covering IT solutions, store operations, marketing, and even customer service and warehousing. Impressively, it does so for multinational clients such as Microsoft ( NASDAQ: MSFT ) and Nike ( NYSE: NKE ). Just yesterday, BZUN stock saw impressive gains of over 35% during intraday trading. The stock has taken a breather this morning, falling 9.7% as of 10:05 a.m. ET.

Yesterday, Baozun announced a strategic business agreement with enterprise data solutions provider iClick. The two companies will work together to develop an e-commerce service model. Essentially, Baozun will provide its full range of services while iClick will provide its IT and system solutions. This collaboration will take place within tech company Tencent's e-commerce ecosystem. Given the scale of operations at hand, Baozun appears to be expanding its presence in the Chinese e-commerce market. Naturally, investors would be eager to jump on BZUN stock with such positive news.

Adding to all that, the company reported stellar figures across the board in its third-quarter fiscal last November. Baozun brought in total revenue of $282 million for the quarter. It also saw substantial year-over-year gains of 63% in earnings per share and 276% in cash on hand. Given its current momentum, do you think BZUN stock is a top e-commerce stock to watch?

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Overstock.com Inc.

Overstock is another top e-commerce player that is in focus right now. The Utah-based internet retailer mainly sells home furniture on its e-commerce website. Aside from that, it also has a tech subsidiary by the name of Medici Ventures (MV) which focuses on developing blockchain technology. Thanks to recent news regarding MV, OSTK stock surged by over 28% during yesterday's trading session.

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