These are the top 3 best stocks that you can add to your portfolio on Monday and for the rest of the year. Just make sure to make a stock market research before buying them.
There are several factors that affect the movements of stocks in the U.S. stock market last week. One of these is the Fed’s decision to increase the interest rate hike. Investors got panic and a sell-off was observed.
However, there are stocks that perform well amidst this turmoil because of their large and diversified market cap. Most of them are big companies that cannot be easily affected by single bad news.
To help you decide which stocks to invest in on Monday after what transpired last week, here are the top 3 best stocks to invest in, according to a published article on the website of The Motley Fool.
Etsy is an e-commerce platform where people sell, buy, and collect unique items. Most of its products are handmade which is why they stand out compared to other e-commerce platforms.
In its 2022 2nd Quarter report, Etsy’s marketplace sales volume was up 141% over comparable pre-pandemic levels. On the other hand, they also survived a head-to-head competition against other big e-commerce platforms during the pandemic.
This stock is the leading global consumer internet company founded in Singapore. Sea Limited is a growing powerhouse in Southeast Asia. It has three fast-growing potential businesses that help the company to stand out in the stock market; Garena, Shopee, and Sea Money.
In its 2nd quarter report, the revenue of Shopee grew by 51% year over year while its new business SeaMoney digital payment grew by 214%. On the other hand, Garena’s revenue declined. However, the Sea Limited performed well overall in the stock market.
This is an e-commerce company that allows people to sell and buy different products. Shopify is one of the top-performing e-commerce businesses like Amazon. Shopify accumulated $5 billion in revenue over the past four quarters. Analysts believed that Shopify could just be getting started.
READ RELATED ARTICLES: