2022 is shaping up to be a year investors will wish they could forget. Propelled by the combination of unusually high inflation and the rapid series of interest rate hikes that the Federal Reserve initiated in response to it, stocks got hit hard. Formerly richly valued growth companies -- especially those that haven't yet put much priority on reaching profitability -- have been absolutely clobbered. 

However, some of these companies are still good investments. Every business has its issues, but those with solid foundations should be able to roll with the punches and emerge in better shape in the wake of the economic disruption they've endured this year. Three Fool.com contributors think MercadoLibre (NASDAQ: MELI), Embracer Group (OTC: THQQ.F), and RH (NYSE: RH) would be smart buys before 2022 comes to an end. Here's why.

Nicholas Rossolillo (MercadoLibre): If you think folks in the U.S. have had a rough go of things because of high inflation this year, have a chat with a consumer in Latin America. Some of the countries in that region -- among them, major economy Brazil -- are experiencing far higher inflationary forces, as well as sky-high unemployment, and they've been flirting with recession as a result.  

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Source Fool.com