These three names are down a ton this year, opening up a massive opportunity for long-term investors.
MercadoLibre (NASDAQ: MELI), the Latin American e-commerce marketplace, has continued to deliver strong results even as its stock has fallen alongside its peers, down 34% this year. Let's take a closer look at why MercadoLibre is a top stock to buy right now. At a time when major U.S. e-commerce companies like Amazon, Etsy, and Wayfair are reporting single-digit or even negative growth, MercadoLibre has been rock-solid.
Shares of Sea Limited (NYSE: SE) have been sold off brutally in 2022 as investors pressed the panic button. The drop can be blamed on the broader decline in tech stocks thanks to rising interest rates as well as Sea's cooling top-line growth. Sea Limited stock shot up 36% on Nov. 15 as investors cheered stronger-than-expected earnings results.