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home / news releases / MELI - 3 Magnificent Stocks to Buy Hand Over Fist Right Now


MELI - 3 Magnificent Stocks to Buy Hand Over Fist Right Now

2024-02-17 08:00:00 ET

The markets have dealt with several headwinds over the past few years, yet the S&P 500 has pushed through all that turmoil and is again posting new highs. It's another reminder that, regardless of how the markets perform in the near term, investors will eventually be rewarded for holding shares of growing companies.

The long-term performance of a stock is highly correlated with the growth of the underlying business. With that in mind, let's look at three stock picks that Motley Fool contributors believe would make great additions to a long-term investor's portfolio right now.

John Ballard : One way to grow your money is to look for companies with high growth and plenty of growth runway still ahead. There's not many stocks that fit this criteria better than the leading e-commerce company in Latin America, MercadoLibre (NASDAQ: MELI) .

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3 Magnificent Stocks to Buy Hand Over Fist Right Now
Stock Information

Company Name: MercadoLibre Inc.
Stock Symbol: MELI
Market: NASDAQ
Website: mercadolibre.com

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