Please ensure Javascript is enabled for purposes of website accessibility

10X Stock: The Next Amazon?

By Eric Cuka - Jun 10, 2021 at 7:30AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

International e-commerce growth stocks can boost your portfolio.

In my last article, I covered my top 10 international e-commerce growth stocks to buy now. Digitalization is accelerating in all parts of the world. Can we take advantage of this secular growth trend as investors?  

Global internet access, adoption, and digitalization are rapidly increasing, and the number of digital buyers continues to climb annually. Today, I do a deep dive stock analysis of MercadoLibre (MELI 6.90%). First, I cover satellite internet and how it could be a major catalyst for e-commerce companies like MercadoLibre. How could Starlink (a SpaceX company) and Amazon's (AMZN 3.53%) satellite internet service, Project Kuiper, help rocket MercadoLibre's stock price higher? How will Sea Limited (SE 4.49%) impact MercadoLibre long term? 

Can MercadoLibre be the next 10X stock in your long-term investing growth stock portfolio? Is MercadoLibre the next Amazon? Let's dig in.

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Eric Cuka owns shares of Amazon and Sea Limited. The Motley Fool owns shares of and recommends Amazon, MercadoLibre, and Sea Limited. The Motley Fool recommends the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Mercadolibre, Inc. Stock Quote
Mercadolibre, Inc.
MELI
$1,064.23 (6.90%) $68.73
Amazon.com, Inc. Stock Quote
Amazon.com, Inc.
AMZN
$142.69 (3.53%) $4.86
Sea Limited Stock Quote
Sea Limited
SE
$87.28 (4.49%) $3.75

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
373%
 
S&P 500 Returns
122%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/10/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.