If one thing has characterized 2022 for investors, it's been the bear market, which marks the worst downturn for Wall Street in more than a decade. This gives patient investors the opportunity to profit from the short-term fear that currently grips Wall Street. The stock has fallen 79% over the past year, and some investors have largely written off the company on fears that the best days of online retail are in the rearview mirror.
Instead, some of its peers abroad continue to grow rapidly, a factor that might lead investors to consider Shopify (NYSE: SHOP), MercadoLibre (NASDAQ: MELI), or Sea Limited (NYSE: SE) as the new top e-commerce stocks. Also, due to efforts to keep the cost of net revenue down, its $317 million in net income during the period surged 146% year over year.
Global-e Online (NASDAQ: GLBE), Revolve Group (NYSE: RVLV), and Floor & Decor Holdings (NYSE: FND) look like solid contenders for stocks that could strongly grow your money. Global-e Online might be the best e-commerce stock you've never heard of yet.