Cheap stocks haven’t been easy to find this year.
Every major stock index is trading near all-time highs, even as earnings have generally imploded during the pandemic. The price-to-earnings ratio for the S&P 500 has risen to more than 37 from just above 20 at the start of the year, and valuations are stretched in a number of other ways as well.
That may be doubly true for e-commerce stocks. Many online retailers and other stocks with exposure to e-commerce have skyrocketed this year, drawing a tailwind from the pandemic. However, while most e-commerce stocks have gotten pricier this year, there are still some bargains available on the market.