COVID-19 has been pushing online grocery sales to 9% in June as compared to May. Fear of being infected is driving consumers to order groceries online from platforms like Amazon, Kroger, United Natural Foods, and B&G Foods. Investors slowly buying their shares while revenues go up steadily.
Slow growth in these stocks may trigger long term aiming traders flock in masses. Cheaper ones may soar drastically but Amazon is expected to surge slowly.
Complete end of COVID-19 is still uncertain and online shopping for groceries is going to be rising. If the second wave comes possible lockdown might be practiced again. Therefore, stocks and revenues of grocery selling online retailers may face a dramatic number of orders.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life