Target and these other retailers could benefit from the accelerated shift to e-commerce sales

  • Date: 15-Sep-2020
  • Source: CNBC
  • Sector:Retail
  • Country:GCC
  • Who else needs to know?

Target and these other retailers could benefit from the accelerated shift to e-commerce sales

The coronavirus pandemic has accelerated a shift toward online spending, and that's fueled a handful of e-commerce stocks this year.Wayfair, Etsy and Amazon are among the e-retailers outperforming in 2020. Overstock, the best of the names with a more than 900% rally so far this year, even got an upgrade from Needham analysts on Monday based upon higher online spending.Nancy Tengler, chief investment officer at Laffer Tengler Investments, sees stocks at the intersection of home goods and improvement and e-commerce as the best bets to ride the digital spending wave."We have expressed our views in this space through some of the housing-related stocks like the Overstock upgrade, Home Depot, Lowe's. These are companies that have been investing in e-commerce and then also Walmart and Target. Each one of those companies