This Is My Top Stock to Buy Right Now, and It’s Not Even Close
From Nasdaq: 2025-05-11 05:15:00
Despite concerns over President Donald Trump’s tariff program, the S&P 500 has seen a 14% rise over the past month, but it remains down for the year. Investors are eyeing companies with features that can withstand the impact of new tariffs.
Latin American tech giant MercadoLibre (NASDAQ: MELI) has been performing impressively, with high sales growth, increasing profits, and strong margins. In the first quarter of 2025, revenue rose 64%, gross merchandise volume increased 40%, and total payment volume increased 72%, among other positive metrics.
MercadoLibre is making strategic moves with new programs, such as Mercado Play App, and sees growth opportunities in financial services and streaming. The stock is up 42% in 2025 and is trading at reasonable valuations, making it an attractive investment option.
Read more at Nasdaq: This Is My Top Stock to Buy Right Now, and It’s Not Even Close