2 Stocks Down 26% and 68% to Buy Now and Hold for the Next Decade
These dominant e-commerce businesses are still built for long-term compounding growth.
Overview
Buying growth stocks at a discount can be a rewarding strategy, especially if the companies in question remain competitively positioned for long-term growth. MercadoLibre (NASDAQ: MELI) and Coupang (NYSE: CPNG) trade 26% and 68% below their highs, respectively, yet their competitive advantages remain intact, and both are still delivering double-digit percentage revenue growth.
Image source: The Motley Fool.
MercadoLibre shares are down by about 26% from their peak, even as the company just posted a standout 43% year-over-year revenue increase on a constant-currency basis in the second quarter. As Latin America's leading e-commerce and fintech platform, it has sustained strong growth for years.
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Originally published at www.fool.com.
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