Netflix and MercadoLibre Are Underperforming the S&P 500. Here's the 1 Stock I'd Buy in August.
I own both stocks already, but there's only one on my short list of buy candidates this month.
Overview
Earnings season is a time for redemption, but sometimes even classic growth stocks can't seem to do enough to please the market. In a year when consumer-facing platforms are thriving, MercadoLibre (NASDAQ: MELI) and Netflix (NASDAQ: NFLX) are falling behind, trading 11% and 21% lower in 2026, respectively. It's a sharp contrast to the market's double-digit percentage rise this year.
And their latest quarterly updates didn't help turn sentiment around. MercadoLibre is sliding on Thursday after posting its latest results. Netflix also stumbled after disappointing investors last month.
Details
Let's take a look at both stocks that are underperforming the market this year. I happen to own both, but let's break down where each company is now before I let you know the one that I'm considering adding more of later this month.
Source
Originally published at www.fool.com.