These 2 Stocks Are Once-in-a-Decade Buying Opportunities in an S&P 500 and Nasdaq Bear Market
Investors have become increasingly pessimistic in the last year, fearful that runaway inflation will cause the economy to enter a slump.
This fear has been exacerbated by the Federal Reserve's aggressive rate hikes, and the stock market has fallen precipitously as a result.
The S&P 500 is now 23% lower than its high, and the Nasdaq Composite is 34% lower, putting both indexes in a bear market.
Fortunately, there is a bright side to all of this carnage. Amazon (AMZN -1.11%) and MercadoLibre (MELI -4.43%) have both seen their share prices plummet.
During the current downturn, both stocks have lost more value than at any other point in the previous ten years.
That means investors have a once-in-a-decade opportunity to buy.
Amazon
01.
Amazon has struggled this year due to high inflation. Consumer demand has decreased in response to rising prices, but fulfilment, logistics, and data centre costs have skyrocketed.
MercadoLibre
02.
MercadoLibre, an e-commerce pioneer, launched its online marketplace in Latin America two decades ago.
Since then, it has leveraged its first-mover advantage into a more sustainable competitive advantage, becoming the region's most-visited online shopping destination.