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If you could buy only one ecommerce stock, this would be it — and it’s not Amazon

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One of the hottest sectors in the stock market is ecommerce. Because of the coronavirus shutdown, ordering products online has exploded.

Still, most ecommerce stocks are now technically very overbought. Fundamentally, their valuations are too stretched to justify new buying.

None of this is a problem for momentum investors, who do not care about analysis. For prudent investors, there is an opportunity in one of the biggest ecommerce stocks in the world that has not been run up by momentum investors. It is not Amazon; it is Alibaba.

Let’s explore with the help of a chart.

Chart

Please click here for a chart of the S&P 500 ETF
SPY,



Source marketwatch.com

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