This Catalyst May Send MercadoLibre's Stock Soaring
E-commerce saw a massive boom during 2020 thanks to the COVID-19 pandemic. As a result, many stocks associated with this industry went up like rocket ships. Unfortunately, most of those same stocks have come crashing back down as investors cycle out of growth stocks.
Even then, the market share e-commerce gained as a portion of total retail sales during the pandemic is likely permanent. In 2019, e-commerce made up 13.8% of total sales; in 2021, that number reached 19.6%, according to Statista. And e-commerce could make up nearly a quarter of all sales by 2025.
Investors should see this sell-off as an opportunity to get in on some stocks they missed before COVID-19. One player I've got my eye on is MercadoLibre (NASDAQ: MELI), the e-commerce leader in Latin America.
Source Fool.com
