Better Buy: Mercado Libre vs. Shopify Stock
Although there has been some positive market news lately, with banks reporting healthy growth, the market overall remains down. The S&P 500 has slipped just under 20% this year and the Nasdaq Composite has fallen even more as tech stocks report challenging growth conditions.
E-commerce remains pressured as well, with inflation taking a big bite out of consumer spending power. But for investors with a long-term mindset, this could spell opportunity. Two of the top e-commerce stocks are Shopify (NYSE: SHOP) and MercadoLibre (NASDAQ: MELI). Which one is the better buy today?
Shopify operates a huge platform powering e-commerce for thousands of small businesses and even many large businesses seeking customized solutions. For small businesses, Shopify's prefab constructs offer so much more than they would be able to afford within their limited budgets. These solutions are so customizable anyway that small businesses don't need anything else.
Source Fool.com
