The Nasdaq and growth tech stocks generally have endured a brutal bear market. This performance has dampened both expectations and stock prices as investors brace for slowdowns. To this end, stocks like MercadoLibre (NASDAQ: MELI), Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), and Tractor Supply (NASDAQ: TSCO) should remain on investor watchlists.
MercadoLibre (NASDAQ: MELI) stock was down as much as 55% this year. This may be your last chance to buy this monster growth stock on the dip. MercadoLibre, a Latin American e-commerce giant, demonstrated spectacular growth throughout the early stages of the pandemic, with several consecutive quarters of triple-digit revenue growth year over year.
This trio has great long-term opportunities; don't get distracted by short-term market sentiment.