Better E-Commerce Stock: Etsy or MercadoLibre
Etsy (NASDAQ: ETSY) and MercadoLibre (NASDAQ: MELI) both saw their stocks hit all-time highs last year. However, Etsy's stock subsequently lost about two-thirds of its value as MercadoLibre's stock was cut in half.
Investors dumped both high-growth e-commerce stocks for similar reasons: They faced tougher year-over-year comparisons in a post-lockdown market, their costs were climbing as they expanded their ecosystems, and rising interest rates made them less appealing than cheaper value stocks.
But did investors toss out two babies with the bathwater? Let's see if either of the fallen e-commerce darlings is still worth buying in this tough market.
Source Fool.com
