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United Investment Limited - Two Stocks to Buy Right Now amid the big Tech stock Sell-Off
Now is the perfect moment to invest in high-quality businesses. Some firms that have been battered are nevertheless performing well on a basic level, allowing their stock prices to rise after the fear of investing has passed
MercadoLibre, Inc. (MELI)
The Latin American e-commerce and payments behemoth has been smashed lately, plunging roughly 64% from all-time highs established in early 2021. This has lowered the company's worth to just 4.5 times revenues, the lowest since 2009. On the other hand, the company's basic performance appears to be better than ever. On a foreign currency-neutral basis, the company's overall sales increased 67% year over year to $2.2 billion in Q1 2022, as announced on May 5, 2022. The company's unique active users increased 16% year over year to 81 million, indicating that Latin Americans are increasingly adopting the service.
Delivery times improved for the company's MercadoEnvios logistics service, with 54% of MELI items arriving the same day or the following day. Envios delivered over 80% of volumes within 48 hours, an increase of five percentage points year over year.
Meanwhile, the MercadoPago payment service grew in popularity, as more customers utilized Pago to make purchases from merchants other than MELI. Total off-platform payment volume increased by 139% year over year in Q1, accounting for 68% of total payment volume. This demonstrates Pago's integration into Latin American culture, which is a significant milestone for the company's long-term development.
PubMatic, Inc. (PUBM)
PubMatic helps individuals with ad inventory discover the greatest offer from advertisers on the sell side of the advertising technology (adtech) business. PUBM makes the ad space available to thousands of potential advertisers, increasing the odds of getting the best price for it.
Because of the advantages it offers marketers over traditional advertising, the digital ad business is rapidly growing. Advertisers may target certain categories of consumers with digital advertisements, which is impossible to achieve with just billboards. As a result, worldwide digital advertising spending is predicted to increase from $514 billion in 2022 to $627 billion in 2024.
At United Investment (https://unitedinvest-
Page Updated Last on: Aug 05, 2022