Uber and MercadoLibre: Top Stock Picks to Buy and Hold for Long-Term Growth Despite Short-Term Volatility
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The stock market historically rises over long periods despite short-term volatility. Buying opportunities always exist for patient investors.
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Uber is a top pick due to its leadership in ridesharing and food delivery, resulting in strong network effects and cross-platform synergies. Its revenue and earnings are growing quickly.
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MercadoLibre is the leading e-commerce marketplace in Latin America with a strong network effect. It has high growth in areas like advertising and digital financial services.
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Risks for MercadoLibre include regulatory scrutiny over its market share and economic instability in Argentina, although growth remains strong.
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Both Uber and MercadoLibre seem reasonably valued based on their growth prospects over the next 5+ years, making them appealing stocks to buy and hold long-term.