If I Could Buy Only 1 Stock, This Would Be It
Picking a favorite stock is often a difficult task, even for seasoned investors. With more than 8,300 stocks trading on major U.S. exchanges, narrowing the choices to just one can be challenging. Moreover, investing goals and risk tolerances will lead to differing favorites from shareholders under the best of circumstances. That also assumes it is prudent to invest in only one stock, a move most every analyst will caution against.
However, if forced to choose one stock, I would lean toward the Latin American conglomerate MercadoLibre (NASDAQ: MELI). Here's what makes it an excellent growth stock to buy.
Perhaps no business has mastered synergies better than MercadoLibre. The company started as an online seller in 1999. While it built a first-mover advantage in Latin American e-commerce, it has maintained that lead by fostering its antifragility. Antifragile companies become strengthened by threats to the business, turning these potential challenges into attributes.
Source Fool.com
