Here's My Top Growth Stock to Buy Now
The best time to buy growth stocks might be when no one else is. Warren Buffett has famously said to be greedy when others are fearful, and fearful when others are greedy. This current volatile stock market, where growth stocks have plunged, is ripe with opportunity.
Many growth stocks come with a lot of risk, which is precisely why they're down right now. But others are already dominating their industries and are profitable, and at current prices, look very compelling. My vote for the top growth stock to buy right now goes to Latin American e-commerce giant MercadoLibre (NASDAQ: MELI).
MercadoLibre operates an e-commerce business similar to Amazon. Active buyers increased to nearly 41 million in the 2022 second quarter, a fraction of the Latin American population of more than 650 million.
Source Fool.com
