MELI - Market Sell-Off: 2 Top Stocks to Buy Now
A number of factors have Wall Street on edge on right now. Supply chain disruptions and labor shortages are creating headwinds for manufacturers and retailers. The omicron variant of the coronavirus appears to be spreading quickly, and several countries have already reinstated travel bans. And on Tuesday, Jerome Powell said the Federal Reserve would consider accelerating the taper of its asset purchase program.
Collectively, those events have sparked sharp sell-offs, particularly in growth stocks. For instance, shares of Fiverr International (NYSE: FVRR) and MercadoLibre (NASDAQ: MELI) have fallen 60% and 43%, respectively, from their all-time highs. However, I think that creates an opportunity for long-term investors. Here's why both stocks are worth buying.
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Market Sell-Off: 2 Top Stocks to Buy Now