3 Magnificent Stocks to Buy Hand Over Fist Right Now
The markets have dealt with several headwinds over the past few years, yet the S 500 has pushed through all that turmoil and is again posting new highs. It's another reminder that, regardless of how the markets perform in the near term, investors will eventually be rewarded for holding shares of growing companies.
The long-term performance of a stock is highly correlated with the growth of the underlying business. With that in mind, let's look at three stock picks that Motley Fool contributors believe would make great additions to a long-term investor's portfolio right now.
John Ballard: One way to grow your money is to look for companies with high growth and plenty of growth runway still ahead. There's not many stocks that fit this criteria better than the leading e-commerce company in Latin America, (NASDAQ: MELI).
Source Fool.com
Mercadolibre Inc Stock
With 23 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 1792 € shows a slightly positive potential of 19.1% compared to the current price of 1504.6 € for Mercadolibre Inc.
