E-commerce boosts retail sales, Amazon, Shopify, Maplebear, and Carvana identified as strong investment options.

From Nasdaq: 2024-12-20 09:49:00

The retail sector continues to thrive despite inflation and price challenges, with robust sales in November driven by a strong start to the holiday season. Online sales are a significant factor in the sector’s growth, with the five-day period from Thanksgiving through Cyber Monday seeing a surge in online sales.

Four retail stocks – Amazon.com, Shopify Inc., Maplebear Inc., and Carvana Co. – are identified as strong investment options due to positive earnings estimates, Zacks Rank #1 or #2, and potential for solid returns. Online sales during Black Friday and Cyber Monday contributed to a 0.7% growth in retail sales in November, exceeding expectations.

E-commerce is a key driver of retail sales growth, with online sales in November showing significant increases compared to the previous year. The shift towards online shopping has accelerated during the pandemic, with forecasts predicting a substantial rise in e-commerce sales by 2024. Non-store retailers and other online categories are experiencing rapid growth in sales.

Amazon.com, Inc. is a leading e-commerce provider with a strong online retail presence, expected to see significant earnings growth in the coming year. Shopify Inc. offers a multi-channel commerce platform for businesses, with positive earnings growth expectations. Maplebear Inc. and Carvana Co. are also highlighted for their innovative approaches to grocery technology and used car sales, respectively.

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Read more at Nasdaq: E-Commerce Powering Retail Sales: 4 Stocks With Upside for 2025