2 Growth Stocks Down 53% and 65% to Buy for the Next Bull Market
Over the past century, the U.S. stock market has recovered from every bear market. Even after the Great Depression in the 1930s, when the Dow Jones Industrial Average dropped more than 75% from its previous highs, it managed to bounce back.
There's a high chance this will continue and the current bear market will end. Therefore, long-term investors should look for discounted stocks to carry ahead of the bulls' return. Here's why it might be wise to get a few shares of MercadoLibre (NASDAQ: MELI) and Semrush Holdings (NYSE: SEMR) before the next bull market kicks in.
Shares of the leading Latin American e-commerce company are down 53% from their all-time highs. This happened while MercadoLibre continued to expand its top line, so its valuation has fallen to an incredibly low multiple. Shares trade at only 5.3 times sales. There has only been one other time since coming public in 2007 that shares have traded at a lower multiple, which was in 2009. So these prices are certainly appealing.
Source Fool.com
