My Top Stock to Buy in August
Imagine this: you own shares of a multi-national e-commerce company. The outfit has been growing like a weed: in the most recent quarter, revenue jumped by 65% in local currencies, and it currently has a war chest twice the size of its long-term debt obligations.
And when these fabulous results were announced...the stock dropped mercilessly, over 20% in the course of a week.
I believe that this offers a great opportunity for long-term investors. Indeed, I have already called out this company -- Mercadolibre (NASDAQ: MELI) -- as a company I would buy on a dip. And when Foolish trading rules allow, I'll be making good on that pledge. Let's dig into why.
Source: Fool.com
Amazon.com Inc. Stock
€161.40
3.900%
With 153 Buy predictions and not a single Sell prediction Amazon.com Inc. is an absolute favorite of our community.
With a target price of 192 € there is a slightly positive potential of 18.96% for Amazon.com Inc. compared to the current price of 161.4 €.
