What Is One of the Best Consumer Goods Stocks to Buy Right Now?

Group 1 - The current bull market in stocks is primarily driven by technology and artificial intelligence, with consumer-related stocks potentially joining the rally, as indicated by the SPDR S&P Retail ETF's 25% surge since April 1, nearing its all-time high from late 2021 [1][7] - A breakout in consumer goods stocks could extend the bull market for several more years, with Shopify identified as a leading stock, having climbed 44% year to date and approaching an all-time high [2][7] - Shopify is positioned as a long-term compounder, providing essential e-commerce solutions for small businesses, including AI tools for efficiency, despite Amazon's dominance in the U.S. e-commerce market [3][4] Group 2 - Shopify's revenue has grown significantly from $205 million in 2015 to over $8 billion last year, with a year-over-year increase of 31% in the second quarter, reflecting its small share of global e-commerce, which was 12% at the end of 2024 [4][5] - The company is expanding its offerings beyond e-commerce to include business-to-business and offline solutions, indicating robust momentum and positioning itself as a comprehensive solutions provider for all commerce [5][7] - Investors are encouraged to consider holding Shopify stock for at least 10 years to potentially achieve market-beating returns [5]