Got $5,000? 2 Stocks to Buy Now While They're On Sale

2026-03-12 14:20:00 ET

While some believe equity markets are currently overvalued, there are plenty of deals to be had for investors willing to look hard enough. Consider MercadoLibre (NASDAQ: MELI) and Uber Technologies (NYSE: UBER) , two leaders in their respective fields. Although they have faced some challenges of late, both stocks look like attractive long-term options, especially at current levels. Here's why, for those with $5,000 to spare (that isn't put away for a rainy day), investing in either -- or both -- of these stocks would be a great move.

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MercadoLibre is increasingly facing stiff competition in the e-commerce market in Latin America, where it has long dominated. The company's latest quarterly update wasn't strong either. The fintech giant 's bottom line declined on a year over year basis, coming in short of analyst estimates. Despite these problems, there are good reasons to invest in MercadoLibre. The first is valuation. MercadoLibre is trading at 30.8x forward earnings, which is about as low as its forward P/E (price-to-earnings) has been in two years.

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