The 2 favorite stocks to buy right now

In recent days, investors have become increasingly pessimistic about the market. A disappointing jobs report in early August led to massive declines in indexes and news that Warren Buffett had dramatically reduced massive positions such as Apple and bank of america, it may not have boosted investor confidence.

That selloff doesn’t mean some stocks can’t perform well during the downturn, and stocks have shown signs of recovery. Investors who still want to go long could take advantage of top e-commerce companies such as MercadoLibre (NASDAQ: MELI) and Shopify (NYSE: STORE).

When it comes to thriving in a downturn, perhaps no stock stands out more than MercadoLibre. It operates in Latin America, a region that has long suffered from political and economic volatility. However, you wouldn’t know it if you looked at MercadoLibre’s results. The e-commerce company saw a 20% increase in gross merchandise volume. Its strength in Brazil and Mexico offset remaining sales in Argentina.

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