Why Shopify Could Be the Best Stock to Buy in December

Shopify's (NYSE: SHOP) business today is booming as much as it was during the lock-down phases of the pandemic -- and Wall Street has noticed. The commerce platform's stock soared 48% through November 2024, nearly doubling the year-to-date rally in the S&P 500.There's time for that 2024 performance gap to expand further as fresh data about transaction processing volumes over the holiday season comes out. However, Shopify's stock looks even better from a long-term perspective. Let's look at why this could be the investment to put in your portfolio in December.Shopify is winning market share in the global e-commerce market, a massive niche with much more room to expand. That division recently crossed 16% of the total retailing industry, matching its high from the pandemic following a nearly two-year decline since late 2020.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool