It’s no secret that many stocks are down significantly from their highs, but that doesn’t mean that they’re all “cheap.” To find true long-term investing bargains, it isn’t enough to simply focus on stocks that have experienced price drops -- you need to focus on companies with strong growth momentum, leading market positions, and favorable tailwinds.
Two stocks in particular that look extremely attractive right now are MercadoLibre (NASDAQ: MELI) and Walker & Dunlop (NYSE: WD) , which are down by 67% and 42% from their 52-week highs, respectively.
MercadoLibre is a leading e-commerce company in several markets in Central and South America and is often referred to as the “ Amazon (NASDAQ: AMZN) of Latin America.” This certainly makes sense, as MercadoLibre’s marketplace generated $7.7 billion in gross merchandise volume in the first quarter of 2022 alone and has a dominant lead in the key Brazil and Argentina markets.
For further details see:
2 Cheap Stocks to Buy Now and Hold Forever