Best Stock to Buy: Amazon Stock vs. Shopify Stock vs. Mercadolibre Stock

By Parkev Tatevosian, CFA – Feb 20, 2023 at 10:18AM

NASDAQ: AMZN

Amazon

Market Cap

$1,863B

Today's Change

(-1.14%) -$2.06

Current Price

$179.22

Price as of April 18, 2024, 4:00 p.m. ET

The e-commerce industry has experienced wild fluctuations since the initial outbreak of COVID-19.

Amazon (AMZN -1.14%), Shopify (SHOP 0.14%), and MercaboLibre (MELI -1.98%) all saw sales and customer growth explode at the onset of the pandemic. As economic reopening gained momentum worldwide, growth decelerated. This video will let you know which of these is the best stock to buy now.

*Stock prices used were the afternoon prices of Feb. 17, 2023. The video was published on Feb. 19, 2023.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com, MercadoLibre, and Shopify. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.