Etsy removed from S&P 500, Amazon recommended as strong alternative

From Nasdaq: 2024-09-29 10:43:00

Investors are moving away from Etsy due to its struggles with growth post-pandemic, as evidenced by its removal from the S&P 500 index. Amazon emerges as a strong alternative, with its expanding reach in various sectors like e-commerce, cloud computing, and more, making it a worthy investment option for the future. Despite Etsy’s challenges, there is still potential for a turnaround, especially with economic conditions likely to improve. Amazon’s ability to adapt and innovate, along with its diverse revenue streams, make it a top contender in the e-commerce space.



Read more at Nasdaq: Etsy Is Out of the S&P 500. Here’s 1 Great Stock to Buy Instead.