MELI - Forget Amazon: This E-Commerce Stock Has More Runway Ahead
2023-11-23 10:30:00 ET
There's no denying Amazon (NASDAQ: AMZN) is one of the market's best stocks of all time. Shares have gained an incredible 119,778% since their 1997 initial public offering, in step with the e-commerce giant's business growth.
There's also no denying the company's highest-growth days and the stock's biggest gains are now in the rearview mirror. Amazon's sheer size makes for ever-tougher comparisons.
Unfortunately, you can't go back in time to place a bigger bet on Amazon. However, you could step into a stake in a company that's currently where Amazon was about 10 to 15 years ago. MercadoLibre (NASDAQ: MELI) has much more growth runway ahead of it than Amazon itself does.
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Forget Amazon: This E-Commerce Stock Has More Runway Ahead