Alibaba and JD.com are some of the best stocks in the sector according to Christian Magoon, CEO of Amplify ETFs.
Online retail earnings season is upon us and a number of companies in the EQM Online Retail Index (IBUYXT) are reporting on Thursday, May 5, including Chinese e-commerce giant Alibaba Group Holdings (BABA – Get Report) . The Index is tracked as an ETF by Amplify ETFs (IBUY).
When investors think about online retail stocks, certainly the first name that comes to mind is retail behemoth Amazon (NASDAQ:AMZN). Not only has it surpassed brick-and-mortar competitor Wal-Mart (NYSE:WMT) as the largest global retailer, but in the growing world of online retail, it holds approximately a quarter of the market share.
Jane Edmondson has noticed an uptick in unsolicited advice since she started a new business designing new varieties of exchange-traded funds (ETFs). The products, similar to mutual funds, track an underlying index that can mirror anything from the overall market leaders to a more trendy market niche.