MELI - 2 Growth Stocks That Are Screaming Buys Right Now
2023-09-15 08:50:00 ET
Even though the stock market is making a comeback this year after declining last year, you can still find great stocks to buy and some bargains. Although it feels great to find a bargain, it's not always the most important thing. Following Warren Buffett's advice, "Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices."
With that in mind, I'm going to recommend two fantastic stocks to buy right now. Revolve Group (NYSE: RVLV) looks like a dirt cheap bargain, and MercadoLibre (NASDAQ: MELI) looks expensive, but it's a top stock anyway. Let's dig into why.
MercadoLibre is the leader in e-commerce in 18 Latin American countries, and it demonstrates high double-digit growth time and time again. It's not slowing down, although it reached the triple digits for several consecutive quarters early in the pandemic. However, it hasn't met the fate of similar companies whose growth skyrocketed at that time and are now shutting down infrastructure they no longer need. It just posts blowout quarter after blowout quarter. Its most recent quarter growth can be found in the chart below.
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2 Growth Stocks That Are Screaming Buys Right Now