Today, we utilized our Zacks 'First Profit' screen to identify potentially winning stocks that turned things around recently and might continue to improve in December and beyond.
The average of price targets set by Wall Street analysts indicates a potential upside of 31.7% in Coupang, Inc. (CPNG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Shopify (NYSE: SHOP) and Coupang (NYSE: CPNG) represent two very different ways to invest in the e-commerce sector. Shopify, which is based in Canada, provides self-serve e-commerce tools that enable merchants to set up their own online stores, process payments, fulfill orders, and manage their own marketing campaigns without joining a large online marketplace like Amazon. Coupang owns South Korea's largest online marketplace.