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2 Top Stocks to Buy and Hold Right Now

TheMotleyFool

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The stock market dropped sharply on Monday as Wall Street pondered the potential impact of a situation brewing in China. Specifically, some analysts believe that the heavily indebted Evergrande Group, one of China's largest property developers, will default on its interest payments in the near future. If that happens, the economic fallout could impact banks (and economies) around the world.

Regardless, there is a silver lining for long-term investors. Every past downturn has ended with the market hitting new highs, meaning every past downturn has been a buying opportunity. With that in mind, MercadoLibre (NASDAQ: MELI) and Twilio (NYSE: TWLO) look like smart long-term investments to buy into right now.

Here's why.

Source Fool.com

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