2 Red-Hot Growth Stocks to Buy Now

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and MercadoLibre (NASDAQ: MELI) recently reported strong second-quarter earnings, beating Wall Street's expectations in both cases. More importantly, these stocks have already been great long-term investments, with both outperforming the S&P 500 over the past one, three, and five years.

I expect that outperformance to continue. Alphabet is riding the tailwinds of digital advertising and artificial intelligence (AI), while MercadoLibre is disrupting the commerce and payments industries in Latin America.

Here's what investors should know.

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Source Fool.com