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Got $1,000? 1 Growth Stock to Buy in 2023 and Hold Forever

Got $1,000? 1 Growth Stock to Buy in 2023 and Hold Forever

High levels of inflation, rising interest rates, and concerns about weakening economic conditions this past year combined to create a challenging market backdrop for growth stocks. Spurred by 31.5% year-over-year growth for its e-commerce platform and a more-than-76% jump in transaction volumes for its payment-processing business, MercadoLibre's revenue rose 60.6% in the third quarter to reach $2.7 billion.