Prices and profit margins are under pressure in 2023 as customer traffic has slowed. Not only are these sales far more profitable for Nike, but they also allow the company to maintain a closer connection to its fans. Nike is not struggling right now, either.
Among Nvidia, Amazon, DexCom, Shopify, Alphabet, Tesla, Palo Alto Networks, Monster Beverage, and Novo Nordisk, there's one clear-cut stock-split stock that's notably cheaper than the rest.
E-commerce is now a permanent fixture on the retail landscape. Market research firm Research and Markets estimates this industry will reach $71 trillion in annual sales by 2028, taking its compound annual growth rate (CAGR) to 27% during that time. Although numerous companies across the retail landscape will benefit from this impressive growth, Amazon (NASDAQ: AMZN), MercadoLibre (NASDAQ: MELI), and Shopify (NYSE: SHOP) are particularly well-positioned to enrich investors.