Another Stimulus Check Coming? Here's a Great Stock to Buy If It Does
The United States government has issued three economic stimulus payments since the pandemic started, with U.S. citizens getting as much as $3,200 per person total, and more for dependents. The government hasn't released information about a fourth payment, but it will begin to issue child tax credit payments to many families this month.
Many of the families receiving those benefits need those economic impact payments, more commonly known as stimulus checks, to pay for basics such as food and utilities or to lower their debt burdens. But if they have money left over after paying bills, clearing credit card debt, and establishing an emergency fund, they may want to consider investing it in the stock market.
If they do, I'm recommending Latin American e-commerce giant MercadoLibre (NASDAQ: MELI) as the stock to buy. Here's why.
Source Fool.com
