AMAZON (AMZN)
Amazon, a global giant, has seen a 78% year-to-date increase and is now one of the best online shopping stocks. The company reported a 13% YoY increase in Q3 net sales and $9.9 billion in net income. Its AI-driven platform and investment in Anthropic are expected to drive growth.
SHOPIFY (SHOP)
Shopify, an e-commerce platform, has seen significant gains this year, with a 115% year-to-date increase and potential to double in 2024. With a strong business model and sustainable revenue growth, it has seen its best Black Friday sales ever, making $4.1 billion.
WALMART (WMT)
Walmart, a global retailer, experienced a 15% year-over-year increase in e-commerce growth in Q3. The company expects a 5% to 5.5% increase in sales in 2023. The company’s partnership with Affirm and dividend yield make it a promising e-commerce stock.