Consumer growth names may seem like the last place one might want to invest in the current environment. Massive growth during the pandemic gave way to slowdowns and huge stock declines in 2022.

That swoon may not immediately lead to a comeback in 2023. Nonetheless, many of these consumer growth stocks sell at a considerable discount, possibly leading to opportunities in high-quality names such as Shopify (NYSE: SHOP) and MercadoLibre (NASDAQ: MELI).

When it comes to e-commerce platforms, online sellers have numerous choices. However,  Shopify is emerging as a winner. It has already become the most popular platform in the U.S., and globally, it lags only WordPress plug-in WooCommerce.

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Source Fool.com