Two e-commerce stocks to watch out for in May

May 01, 2023 03:04 AM PDT | By Akanksha Vashisht
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  • The e-commerce segment has seen immense growth during the pandemic as online retailing became a mainstream method of shopping for consumers.
  • Amazon reported net sales of US$ 127.4 billion during Q1 2023, which was a jump of 9% over Q1 2022.
  • Etsy, an online retailer of unique and designer products, reported total revenue of US$ 807.24 million during Q4 2022.

The e-commerce segment has gained immense following over the last few years, especially as the pandemic forced businesses to take the online route. What was once dominated by young and tech savvy buyers has now transformed into a market for all types of buyers, including the older generation.

The e-commerce market segment has seen a range of stocks that have performed exceptionally well due to their booming presence among consumers. Online retailing has become a way of life for most customers worldwide. With the emergence of fast delivery services, most companies are now offering innovative ways of delivering e-commerce services.

On that note, you can keep an eye on these two e-commerce stocks in May 2023: Inc.  (NYSE: AMZN)

Amazon is a household name with its businesses spanning across continents. The retailing giant has been a pioneer in bringing forth a revolution in the e-commerce segment across the glove. The company is still one of the leading businesses in the online retailing category.

The company recently releases its financials for the first quarter of 2023. As per the release, the company had net sales of US$ 127.4 billion during Q1 2023, which marked a 9% increase over Q1 2022.

Financials for

© 2023 Krish Capital Pty. Ltd.

The company also reported net income of US$3.2 billion and an operating income of US$ 4.8 billion during the first quarter. Given the current growth of the company, Amazon expects net sales to be between US$ 127 billion and US$ 133 billion during the second quarter of 2023. This would mark a growth ranging from 5% to 10% over the second quarter 2022.

The stock closed at US$ 105.45 on April 28, 2023, with a YTD increase of 21.45%.

Etsy Inc (NYSE: ETSY)

Etsy has also benefitted from the pandemic-induced shift towards online retailing. The company became a niche marketplace for designer masks during the pandemic, which kept the business flourishing even during an economy-wide slowdown.

Etsy connects small businesses with consumers worldwide and that way it hosts a range of unique and designer products. However, the company’s revenue has thriven over the past few years, which has made it a preferable e-commerce stock among investors.

Financials for Etsy

© 2023 Krish Capital Pty. Ltd.

The company reported a total revenue of US$ 807.24 million during Q4 2022. During the period, the company’s EBIT was US$184.16 million.

The stock closed at US$101.03 on April 30, 2023, with a YTD decrease of 18.74%.


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