Saving for retirement is a goal for most investors, and the stock market is an excellent vehicle for doing so. If you're looking for tech stocks that will help make retirement easy, you'll want to find companies that can deliver solid, long-term growth on the top and bottom lines. If you made a list of qualities that a top stock should have, MercadoLibre (NASDAQ: MELI) would likely check nearly every box.
E-commerce is now a permanent fixture on the retail landscape. Market research firm Research and Markets estimates this industry will reach $71 trillion in annual sales by 2028, taking its compound annual growth rate (CAGR) to 27% during that time. Although numerous companies across the retail landscape will benefit from this impressive growth, Amazon (NASDAQ: AMZN), MercadoLibre (NASDAQ: MELI), and Shopify (NYSE: SHOP) are particularly well-positioned to enrich investors.
MercadoLibre (NASDAQ: MELI) stock is up big in 2023, but still below its all-time highs. In this video, Motley Fool contributors Jason Hall and Jeff Santoro share two reasons it's an absolute buy, as well as a word of caution investors would do well to consider before buying.