2 Growth Stocks to Buy and Hold Through Any Market Downturn
Growth stocks have borne the brunt of the market downturn in recent months. Given a performance that saw most of their values wiped out, many investors may understandably want to stay away from such stocks.
However, upon closer examination, the long-term growth story of some of these companies remains intact, indicating some stocks could stage a comeback. And since they sell at massive discounts, it likely means they are buys, especially in the current environment. Internet and direct marketing retail stocks, such as MercadoLibre (NASDAQ: MELI) and Shopify (NYSE: SHOP), could become two of these comeback stories.
MercadoLibre started as a marketplace where businesses in Latin America could sell goods online. Moreover, like its e-commerce counterpart Amazon, it leveraged this enterprise to derive more growth from related businesses.
Source Fool.com
