In the latest trading session, MercadoLibre (MELI) closed at $1,641.52, marking a +0.27% move from the previous day.
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
In fact, the stock in companies like MercadoLibre (NASDAQ: MELI) and Pinterest (NYSE: PINS) have already been great investments, with prices surging 210% and 215%, respectively, in the past three years. MercadoLibre operates the largest digital payments and e-commerce platform in Latin America. This approach has helped MercadoLibre build a strong moat around its business.