5 Best Retail Stocks To Buy Now

2. Shopify Inc (NYSE: SHOP)

Shopify is one of the best stocks to ride the growth tide of the retail sectors. The company’s platform and technology is used by millions of small businesses. As businesses move online, the demand and user base of Shopify will continue to grow.

Shopify shares have gained about 135% over the last 12 months. Hedge funds are turning extremely bullish on Shopify. At the end of the third quarter, 81 hedge funds own stakes in Shopify, compared to 57 funds a quarter earlier. (Also read: Is Shopify (SHOP) A Good Stock To Buy Now?)