Most growth stocks delivered sizzling performances in 2023 and 2024. However, the uncertainty created by the threats of steep tariffs caused the sizzle to fizzle for many in the first half of this year.
MercadoLibre (MELI 0.08%), the largest e-commerce company in Latin America, has been an amazing growth stock. A $1,000 investment in its shares two decades ago would be worth $89,400 today.
Buying a stock is easy, but buying the right stock without a good strategy is incredibly hard. Here are five top-performing stocks to buy now or put on a watchlist.
MercadoLibre Inc (NASDAQ: MELI), frequently referred to as the “Amazon of Latin America,” runs the largest online marketplace in the region—and has consistently been increasing its market share for the last three years. Similar to Amazon (NASDAQ: AMZN) or eBay (NASDAQ: EBAY), it provides a wide range of products from electronics to clothing to home essentials.
The Nasdaq 100 Index jumped to a record high this week, helped by the ongoing demand for artificial intelligence solutions. It soared to a high of $22,320, up 32% from its lowest level in April, meaning it is in a deep bull market.
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