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3 No-Brainer Stocks I'd Buy Right Now Without Hesitation


With the market drop, many stocks are reaching prices that haven't been seen for some time. This fall is despite many of these companies making monumental business gains over the past couple of years. Three no-brainer stocks I'm buying right now are Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Shopify (NYSE: SHOP), and MercadoLibre (NASDAQ: MELI).

Each stock has a unique set of circumstances that got them to this point, but none of the circumstances will impede the businesses from growing over the next five years. As a long-term investor, I'm less concerned about what the market thinks now and more excited about what lies ahead. With Alphabet, Shopify, and MercadoLibre stocks trading down 26.4%, 76.4%, and 58.5%, respectively, from their all-time highs, today presents a great long-term buying opportunity.

Image source: Getty Images.

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Source Fool.com

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