Want to Beat the S&P 500? Buy These 3 Unstoppable Stocks
The S 500 is up 10% so far this year, extending its decades-long track record of reliable wealth creation. If you had invested $1,000 in an S 500-based index fund and let it grow over the past 10 years, you'd have seen an annualized return of nearly 13%.
However, that same investment in the right growth stocks could've beaten the market by a wide margin. For most investors, it makes sense to have a portion of your portfolio in a trusty fund that tracks the broad market. But they should consider complementing that position with individual stocks that could accelerate their returns. (NASDAQ: MELI), Dutch Bros (NYSE: BROS), and Nu Holdings (NYSE: NU) are three top stocks that have incredible market-beating potential.
MercadoLibre is the reigning leader of e-commerce in 18 Latin American countries. Since many of its markets are still underpenetrated, it has been able to deliver consistently high growth year after year. While that opportunity is far from being fully tapped, the company is also entering new markets that are growing even faster than its core e-commerce business.
Source Fool.com
Mercadolibre Inc Stock
With 31 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 1920 € shows a slightly positive potential of 2.44% compared to the current price of 1874.2 € for Mercadolibre Inc.
