Sea's shares had declined in line with the continued fall in the Nasdaq Composite and S&P 500 index. Year to date, the Nasdaq has fallen close to 30% while the bellwether S&P 500 has fallen by 20.2%, putting both indices firmly in a bear market. It didn't help that Sea Limited also released a downbeat set of earnings for its 2022 first quarter.
Inflation is running hot around the world. For instance, while U.S. inflation hit 8.6% in May, many countries in Europe and Southeast Asia have seen prices rise to a lesser extent. With that in mind, Adyen (OTC: ADYE.Y) and Sea Limited (NYSE: SE) offer heavy exposure to Europe and Southeast Asia, respectively, and both stocks are worth buying now and holding for the long term.
MercadoLibre (NASDAQ: MELI) was one of the hottest stocks during the worst of the pandemic, hitting an all-time high of $1,984 on Jan. 20, 2021. Can MercadoLibre rebound amid such poor macro-economic conditions? Here are two reasons you can look for a big-time bounce back in MercadoLibre's stock now.