The macroeconomic climate has become much less business-friendly over the last 18 months, and stocks have fallen accordingly. In fact, the S&P 500 delivered its worst return since the Great Recession last year, and the index is still deep in bear market territory. But smart investors know that a bear market is a buying opportunity.

Eventually, the economy will regain its momentum, and the next bull market will breathe new life into many fallen stocks. In the meantime, shares of Mastercard (NYSE: MA) and MercadoLibre (NASDAQ: MELI) are trading at reasonable prices, especially in the context of future growth opportunities.

Here's why these growth stocks are worth buying.

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Source Fool.com