2 Growth Stocks That Could Turn $10,000 Into $100,000 by 2040 [Yahoo! Finance Canada]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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US:NASDAQ Investor Relations:
investor.mercadolibre.com/investor-relations
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Source: Yahoo! Finance Canada
Trying to find 10 times opportunities in any market is generally a fool's errand. Certainly, some companies have shown the ability to provide such returns in the past. My two picks on this list have that track record, backing up the view that over the long term such gains could be possible once again. But the reality is that not all growth stocks are created equal. In fact, many companies that have seen 10 times growth in the past aren't likely to see a repeat of such performance, due to the hype or narrative-driven rallies that have been extinguished in the minds of investors. These two companies are ones I think could take a $10,000 investment potentially into the six-figure realm over the course of the next 15 years. That may be a laughable target for many, but given how incredibly high the market has proven to value the fastest-growing and most productive companies out there, I wouldn't put it past these three companies to do so again. Top growth stocks: Shopify Canadian
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News
- Two Reasons to Avoid TENB and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Boasting A 36% Return On Equity, Is MercadoLibre, Inc. (NASDAQ:MELI) A Top Quality Stock? [Yahoo! Finance]Yahoo! Finance
- MercadoLibre (MELI) Delivered Excellent Results, Showcasing Ecosystem Strength [Yahoo! Finance]Yahoo! Finance
- Three Reasons to Avoid GOLF and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- https://seekingalpha.com/article/4744990-alger-international-opportunities-fund-q3-2024-commentary [Seeking Alpha]Seeking Alpha
MELI
Earnings
- 11/6/24 - Miss
MELI
Sec Filings
- 12/2/24 - Form 4
- 11/27/24 - Form 144
- 11/7/24 - Form 10-Q
- MELI's page on the SEC website