July 16, 2024

Nasdaq Stock market

2 of the Best Growth Stocks to Buy Right Now

Top Growth Stocks to Consider for All Investors

Shareholders can be worn down by a dropping market along with a constant flow of negative news. It’s difficult to be optimistic. But now is the time to consider that each and every bear economy in the US is succeeded by a bull market. Purchasing high-quality companies at today’s reduced prices can result in life-changing yields in the long run.

MercadoLibre and Airbnb are among such companies that might potentially contribute to outstanding long-term returns. Let’s see why.

  1. MercadoLibre has achieved amazing performances despite difficult macroeconomic conditions. In the 3rd quarter of 2022, this e-commerce company witnessed an increase of 10 % pertaining to the number of distinct buyers. GMV of its platform increased by 32% in terms of constant currency and 18% in terms of USD. So, it ended up outpacing the previous quarter’s 26% increase. The business ensured its dynamism in the three major markers i.e. Mexico, Argentina and Brazil where Gross Merchandise Volume increased by 23%, 87%, and 20%, respectively.
  2. Despite solid results, Airbnb’s stocks are available at near a decade long bottom on various performance measures. The present price-to-sales ratio stands at a merely 9.1. Similarly, the price-to-earnings ratio is at 56. Shares of Airbnb may appear to be slightly overpriced; Airbnb’s brand image, customizable business model, distribution channels, and prospective opportunity rationalize its pricing. Investing in Airbnb now will most likely pay off handsomely in the medium to long term.

Also Read: Brilliant Signs For Five FS- Seed Funding Targets Accomplished

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