The Ultimate Growth Stock to Buy With $1,000 Right Now

MercadoLibre (NASDAQ: MELI) has been a great growth stock for long-term investors. Over the past 10 years, its stock soared about 2,060% as the Nasdaq rose less than 370%. That rally was fueled by the explosive growth of its e-commerce and fintech platforms.Investors might be reluctant to buy MercadoLibre's stock after that massive rally, but it's still an incredible growth stock that could turn a modest $1,000 investment into tens of thousands of dollars. That might seem impossible because it's trading at nearly $2,400, but most brokerages will allow you to purchase a fractional share for less than $1,000.MercadoLibre was founded in Argentina in 1999 and subsequently grew into the largest e-commerce company in Latin America, with localized marketplaces across 19 countries. It generates most of its revenue in Brazil, Argentina, and Mexico, but is gradually expanding into smaller markets like Chile, Colombia, Peru, and Ecuador. The company moved its headquarters from Argentina to Uruguay in 2021 and reports earnings in U.S. dollars.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool