Amazon and MercadoLibre are recommended growth stocks with high potential to outperform the market.

From Nasdaq: 2024-12-16 05:12:00

Investors seeking growth should look at Amazon (NASDAQ: AMZN) and MercadoLibre (NASDAQ: MELI). Amazon’s diverse revenue streams and emphasis on non-retail services are driving profits. MercadoLibre is expanding its fulfillment centers and focusing on profit margins. Both stocks have high growth potential and could outperform the market.

Amazon’s market cap is $2.4 trillion, with operating income up 130%. Revenue from non-retail services is growing, particularly in advertising. Shares trade at a high P/E but are expected to grow earnings by 23% annually. MercadoLibre offers fintech services and a growing online marketplace, with high growth rates and plans to double capacity by 2025. Shares trade at a low P/S ratio and are expected to grow earnings by 30% annually.

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Disclosure: John Mackey, former Whole Foods Market CEO, is a Motley Fool board member. The Motley Fool has positions in Amazon and MercadoLibre. The author may have positions in MercadoLibre. Views expressed do not necessarily reflect those of Nasdaq, Inc.



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