3 Unstoppable Stocks to Buy in August
The major market indexes have continued to hit new highs this year, but the recent pullback is giving investors an opportunity to buy reasonably priced stocks with room to run. Let's see why three Motley Fool contributors see more upside for Amazon (NASDAQ: AMZN), Deckers Outdoor (NYSE: DECK), and (NASDAQ: MELI).
John Ballard (Amazon): Holding shares of companies that generate repeat business with customers makes for a truly unstoppable investment, and that makes Amazon a no-brainer.
Amazon is an essential part of millions of people's shopping routines. It's been a few years since the company updated its Prime membership numbers, but in 2021, Amazon disclosed that it had over 200 million Prime customers. That's a reasonable estimate for how many customers repeatedly shop on Amazon every year.
Source Fool.com
Mercadolibre Inc Stock
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
With a target price of 1833 € there is a slightly positive potential of 8.37% for Mercadolibre Inc compared to the current price of 1691.4 €.
