It is not only the retail businesses that can make money online. Those businesses that cater to businesses selling goods electronically can do just as well. One of the names in that space is GSI Commerce (NASDAQ: GSIC). The company provides e-commerce and interactive marketing services for business-to-consumer customers.
In short, GSIC is the nuts and bolts behind the online store. GSIC makes online businesses more efficient.
With more companies attempting to carve out a space on the internet, especially given the weakness in brick and mortar, GSIC can be expected to enjoy healthy growth, irrespective of the economy.
Shares of GSIC collapsed during the credit crisis last fall, but have since recovered. If you like charts, you'll note a strong reverse head and shoulders pattern forming over the last year. Such a state is very bullish for the stock.
I rate GSIC a B or Buy.
Click here for the complete list of online retail stocks to buy now.
And for more top stocks, check out 5 Stocks That Deserve a Place in Your Portfolio.
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