2 International Tech Stocks Poised for a Long-Awaited Comeback in 2024
It's no secret that U.S. investors tend to gravitate to domestic stocks. Despite the country's challenges, many of the world's innovation leaders are still in the United States. Also, with the S 500 back in bull market territory, shareholders may feel little incentive to change this approach.
However, such an attitude could lead investors to miss excellent opportunities abroad. Moreover, some international stocks have not significantly benefited from the new bull market. To this end, investors may want to take a closer look at two in particular, Sea Limited (NYSE: SE) and StoneCo (NASDAQ: STNE).
Singapore-based Sea Limited often gets overlooked at the expense of its competitors. Despite the fact its e-commerce arm, Shopee, serves more than 600 million consumers in its home region, China's market of 1.4 billion often attracts more attention. Additionally, the dominance of Amazon or MercadoLibre often overshadows the e-commerce, fintech, and gaming giant in Southeast Asia.
Source Fool.com
Mercadolibre Inc Stock
With 21 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 1742 € shows a slightly positive potential of 10.7% compared to the current price of 1573.6 € for Mercadolibre Inc.
