The 1 E-Commerce Stock That's Still Growing
The hype surrounding e-commerce stocks during 2020 and 2021 was truly incredible. Businesses involved with selling items online saw massive growth, and consumers were spending much of their newly found financial resources (from stimulus checks and lack of spending on other activities) with various vendors.
Now that life is returning to normal, the stocks are giving back nearly all the gains made during 2020 and 2021. Overall, this makes little sense. Businesses gained customers and established online shopping habits; yet, the stocks behave as if they will lose all their customers.
One stock in particular where this is true is MercadoLibre (NASDAQ: MELI). The Latin American e-commerce leader has grown by leaps and bounds from 2020 to 2022, but its stock price is nearly flat. Investors need to understand some of the risks, but now could be a once-in-a-lifetime buying opportunity for MercadoLibre.
Source Fool.com
