1 Under-the-Radar Growth Stock to Buy in December
The holiday shopping season has begun, and with it, the biggest time of year for retailers, e-commerce companies, and other consumer-facing brands.
After a challenging 2022, most retailers and e-commerce companies are looking for all the help they can get. E-commerce stocks, especially, have been hit hard this year as a combination of difficult comparisons with the pandemic boom in 2021, a consumer shift away from discretionary goods, and macroeconomic headwinds have translated into weak results from the online retail sector.
However, there's one exception to the rule. MercadoLibre (NASDAQ: MELI), the Latin American e-commerce marketplace, has continued to deliver strong results even as its stock has fallen alongside its peers, down 34% this year.
Source Fool.com
