In case you hadn't noticed yet, the stock market kind of curled up in a ball and died today. Of particular interest to growth investors today is the fact that some of the fastest growing e-commerce stocks in the world are going on sale, with shares of MercadoLibre (NASDAQ: MELI) down 8.6%, Shopify (NYSE: SHOP) falling 10%, and Sea Limited (NYSE: SE) leading the pack lower with a 12.3% loss. As it turns out, Shopify is the only one of the three with any obvious news on the wires, and even that news isn't too awfully bad.
While some investors are worried about the next market crash, others are taking advantage of this fact: if you have the cash on hand, it's a great time to add more high-conviction stocks to your portfolio right now, and often at discounted valuations. In this segment of Backstage Pass, recorded on Jan. 5, Fool contributors Rachel Warren, Jason Hall, Trevor Jennewine, and Jamie Louko discuss their top stock picks to buy and hold in 2022 and beyond. Rachel Warren: I don't think any of us can predict where the bottom is.
For instance, Airbnb (NASDAQ: ABNB) and MercadoLibre (NASDAQ: MELI) are growing quickly, and both could make you richer over the next decade. The pandemic has significantly altered the course of numerous industries -- few of them more than travel and tourism. Its platform connects 4 million hosts with potential guests, helping travelers find lodgings in 100,000 cities around the world.