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Best Stocks To Invest In Right Now? 4 E-Commerce Stocks To Watch

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May 13, 2021 ( via COMTEX) -- 4 Top E-commerce Stocks To Watch In The Stock Market Today

Lately, investing in the stock market can be a challenging task. But if you have got to bet on something, e-commerce stocks could be a good option in the long run. Now, why is that so? E-commerce allows businesses to reach out to customers in more ways than before. As time goes by, we will continue to see consumers migrating towards purchasing online for the sake of convenience and the ability to research products in real-time. On top of that, having an online store relinquishes the restrictions of set business hours and allows consumers to access its products and services at any given time. So it is safe to assume that this trend is here to stay and still growing in popularity.

We need to look no further than Booking Holdings Inc ( NASDAQ: BKNG ) to show how e-commerce has impacted our lives. Being the world leader in online travel, it provides customers all over the world easier and better access to travel planning and other services. Imagine how it changed how we plan our travels compared to several decades ago.

Now, consumers could go on to websites such as and Agoda to book their hotels or tour packages without the need of going to an actual travel agency. Now if you believe e-commerce is the future of commerce, then here are some of the top e-commerce stocks to watch in the stock market right now.

Top E-Commerce Stock To Watch In May

Alibaba Group Holding Ltd

To start the list, we have one of the largest e-commerce companies in the world, Alibaba. Just as we have Amazon in the U.S., some consider Alibaba as the Amazon of China. Both companies have one thing in common, they are both tech-driven companies that have expanded beyond their core e-commerce divisions. The company is also one of the biggest venture capital firms with one of the biggest investment corporations in the world. Today, Alibaba announced its much-anticipated earnings report for the quarter and fiscal year ended March 31, 2021.

It has been a historic fiscal year for the company as it reached a milestone of 1 billion annual active users globally. Revenue came in 64% higher year over year to $28.6 billion. However, the company recorded a net loss of $1.16 billion. This can be attributed to the $2.8 billion fine levied by China's State Administration for Market Regulation according to China's Anti-monopoly Law. That aside, the overall business delivered strong growth on a healthy foundation.

In other news, Alibaba's Taobao Live also announced in April that it would supercharge its ecosystem to yield further success for merchants and brands on the platform. It aims to support 2,000 live stream channels and 200 partners to significantly boost its sales. All things considered, would you invest in BABA stock with its current dip?

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eBay Inc

Next up, we have the global commerce company, eBay. The company's technology allows sellers worldwide to offer their inventory for sale, virtually anytime and anywhere. eBay's platforms are accessible through a traditional online experience, mobile devices, and its application programming interfaces (APIs). Hence, consumers could easily access its platform as long as they have access to the internet. The company's stock has been trading sideways since the start of the year. However, for those who invested a year ago, you would've seen a gain of over 40%. So could EBAY stock resume its upward trend moving forward?

Earlier this month, the company announced that there is a possibility of accepting cryptocurrency as a form of payment in the future. In addition, it is also looking at ways to get non-fungible tokens (NFTs) on its platform. The company is always looking at relevant forms of payment so that it doesn't get left behind in this fast-paced world.

Fast forward a week later, the company finally hops on the NFT bandwagon. Consumers can now purchase NFTs on its broad online marketplace. This reflects an expansion of eBay's digital collectibles business, in line with the increasing popularity of NFTs this year. With that in mind, would EBAY stock be a good buy now?

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