3 Leading International Stocks to Buy in 2021 and Beyond
American investors often gravitate toward domestic stocks because they're more familiar with the companies and their products. It's not a bad idea to invest in companies that you know or even engage with yourself. However, shunning international stocks because you're unfamiliar with their business can also cause investors to miss out on some major growth opportunities. In that spirit, here are three international stocks that deserve some consideration.
MercadoLibre (NASDAQ: MELI) owns the largest e-commerce platform in Latin America. The Argentina-based company, which operates in 18 countries, generates most of its revenue in Brazil, Argentina, and Mexico. It also processes online payments through its Mercado Pago platform.
MercadoLibre's revenue surged 73% in 2020 as more people shopped online during the pandemic and it narrowed its net loss. Its unique active users increased 47% year over year to 75.9 million in the second quarter of 2021, and analysts expect its revenue to rise 70% for the full fiscal year. MercadoLibre also plans to post a net profit.
Source Fool.com
