MELI - Don't Wait for a Market Crash: These 2 Top Stocks Are On Sale
2023-09-30 07:07:00 ET
Finding stocks on sale doesn't necessarily mean they are well off their all-time highs or have a low dollar figure attached to the price. Instead, I believe stocks that aren't aligned with future expectations are the cheap ones worth considering. While some investors prefer to wait for a market crash to snatch these stocks up for cheap, I think the two shares below are already at a level where any pullback wouldn't necessarily provide investors a much better opportunity.
The two cheap stocks on my watch list are Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI) as these two commerce giants are excelling but their stock prices don't reflect that progress. So, if you're looking to grab two stocks with incredible upside, keep reading.
If you don't know Amazon and live in the U.S., you may have lived under a rock for the past decade. Amazon's e-commerce infrastructure has changed the way consumers shop, but it's much more than that. With budding business segments like advertising and stalwarts like its cloud computing business, Amazon Web Services (AWS), Amazon has become one of the world's most important companies.
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Don't Wait for a Market Crash: These 2 Top Stocks Are On Sale