3 E-Commerce Stocks That Could Be the Next Amazon

E-commerce Market Outlook - E-commerce stocks are expected to experience a resurgence in the second half of 2024, driven by interest rate cuts linked to falling inflation, which may encourage online shopping [1] - There are still high-growth e-commerce stocks available at attractive valuations, which could follow Amazon's success in their respective regions [2] MercadoLibre (MELI) - MercadoLibre's marketplace businesses in Brazil and Mexico achieved gross merchandise value (GMV) growth of approximately 30%, despite macroeconomic challenges [3] - The company's e-commerce revenue is projected to continue growing at high rates, supported by strategic investments in logistics and effective marketing [3] - MercadoLibre's fintech division saw total payment volume increase by 133% to $1.9 billion, aided by the issuance of 1.5 million new credit cards [5] - The company reported a 42.7% year-over-year revenue increase to a record $4.33 billion, exceeding estimates by over $466 million, with earnings per share of $6.78 surpassing expectations by more than a dollar [12] Sea (SE) - Sea's Shopee platform achieved record-high orders, GMV, and revenue in Q1 2024, with gross orders increasing by 57% year-over-year [14] - The integrated logistics arm, SPX Express, successfully delivered 70% of orders in Asia within three days, enhancing logistics efficiency and customer satisfaction [7] - Despite rising competition from rivals like Lazada and Tokopedia, Sea is well-positioned to capitalize on the digitalization trend in Southeast Asia [15] Kaspi.kz (KSPI) - Kaspi.kz is revolutionizing banking, shopping, and payment processes in Kazakhstan through its Super App, which also encompasses e-commerce [17] - The company has 14 million monthly users in a country with a population of less than 20 million, indicating strong market penetration [18] - Digital payments in Kazakhstan are projected to reach $14.3 billion by 2028, positioning Kaspi to benefit from this growth trend [18] - Kaspi's Q1 revenue increased by 40% year-over-year, and analysts remain bullish on the company's performance [19]