Growth stock investors have largely been punished this year. High-priced stocks have fallen sharply as interest rates have risen and fears of a recession have swept the market.
But the pullback in growth stocks also creates a buying opportunity, and some of these stocks could deliver monster returns, especially after the valuation reset this year. Keep reading to see why it could be a genius move to add MercadoLibre (NASDAQ: MELI) and GitLab (NASDAQ: GTLB) to your portfolio today.
MercadoLibre might not be a household name in the U.S., but it's following a playbook similar to Amazon . The company started out as an e-commerce business, but has used that platform to expand into different businesses, including digital payments, logistics, and financing.
For further details see:
2 Explosive Growth Stocks to Buy in 2022 and Beyond