3 Top E-Commerce Stocks to Buy in May
Three companies already thriving in this space right now are Shopify (NYSE: SHOP), MercadoLibre (NASDAQ: MELI), and Amazon (NASDAQ: AMZN). Shopify provides a platform for businesses of all sizes to sell their goods and services online, and its share price has surged 70% over the past year as the company has delivered impressive results. Shopify's revenue and earnings outpaced Wall Street's consensus estimate in the most recent quarter, with sales rising 25% to $1.5 billion -- ahead of analysts' consensus estimates of $1.43 billion -- and earnings of $0.01 per share easily outpacing Wall Street's estimate of a loss of $0.04.