Down 29%, Is MercadoLibre Stock a Better Buy Than SpaceX and the "Magnificent Seven" Stocks in August?
Investors can often prosper by avoiding the higher-profile stocks.
Overview
In recent trading sessions, high-profile stocks like Space Exploration Technologies, known as SpaceX, have cratered, and large run-ups and massive capital expenditures (capex) cast doubt on many of the so-called "Magnificent Seven" names.
Knowing that, investors may want to seek opportunities in other industries. One place to look might be outside the U.S., specifically at Latin American e-commerce giant MercadoLibre (NASDAQ: MELI). Although the consumer discretionary stock may not be well known to many American investors, it offers an opportunity for growth outside of the usual names.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.