12 Best Stocks to Buy and Hold For 10 Years

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5. MercadoLibre, Inc. (NASDAQ:MELI)

Number of Hedge Fund Holders: 96

MercadoLibre, Inc. (NASDAQ:MELI) is an Argentine company with the leading position in e-commerce and financial technology in Latin America. The company offers a broad range of products and services including an online marketplace, digital financial services, logistics services, advertising solutions, and merchant acquiring. It has operations in 18 countries. MercadoLibre, Inc. (NASDAQ:MELI) ranks among the best stocks to buy and hold for 10 years.

On April 7, Bloomberg reported that MercadoLibre, Inc. (NASDAQ:MELI) is set to increase its investment in Brazil by 48% with plans to invest approximately $5.8 billion in 2025. This investment will be used to improve the company’s logistics, technology, marketing, and financial capabilities and allow the company to hire 14,000 more employees to raise its total workforce in the country to 50,000. Previously, MercadoLibre, Inc. (NASDAQ:MELI) had also announced that it aims to invest about $3.4 billion in Mexico, which is the company’s second-biggest market after Brazil. The company is making strategic moves to grow its business and reach more customers while maintaining its leadership in Latin American markets.

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