3 Top Stocks to Buy in December
Black Friday is over. Cyber Monday has come and gone. But that doesn't mean the shopping season is over – especially if you're an investor wanting to put some of your money to work for you. Here are three top stocks to buy in December.
(NASDAQ: MELI) is the top dog in the Latin American e-commerce market and one of the biggest players in the region's fintech market. Its stock has delivered a compound annual growth rate of more than 30% over the last five years and 10 years.
But this top dog has been whimpering a bit in recent months. MercadoLibre's shares are down roughly 20% below the all-time high reached in late June. Much of this decline stems from Amazon's (NASDAQ: AMZN) increased competition against MercadoLibre on its home turf in Latin America.
Source Fool.com
Mercadolibre Inc Stock
With 40 Buy predictions and not a single Sell prediction Mercadolibre Inc is an absolute favorite of our community.
As a result the target price of 2435 € shows a positive potential of 37.28% compared to the current price of 1773.8 € for Mercadolibre Inc.
