MELI - 2 Stocks Up 40% or More in a Year That I'm Going to Keep Buying in the New Bull Market
2024-01-24 06:17:00 ET
Just because a stock has outperformed the market over the past year doesn't necessarily mean it's expensive. In fact, some of the stocks in my portfolio that have produced the best returns could still be the best investment opportunities for long-term investors to take advantage of now.
With that in mind, here are two stocks that I already own that I still think could be "cheap" from a long-term perspective. In fact, one of them is already one of my largest stock investments, and I plan to add to my stake in it this year.
MercadoLibre (NASDAQ: MELI) is one of the top five stock investments in my portfolio, and it's an impressive business. It often gets referred to as the " Amazon of Latin America" because of its market-leading e-commerce business in Brazil, Argentina, and other countries, but there's a lot more to it. It also has a payments platform that processes nearly $200 billion in annualized volume, a logistics platform, a credit business, and a digital storefronts platform.
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2 Stocks Up 40% or More in a Year That I'm Going to Keep Buying in the New Bull Market