It has not been an easy time for growth investors as markets shudder under the weight of high inflation and surging interest rates.
However, it’s important to differentiate between sentiment and fundamentals.
These two headwinds have generated pessimism over growth prospects amid the heightened cost of borrowing, but there are still businesses that managed to grow their revenue and earnings.
The key is to focus on companies that maintain steady growth despite these challenges because their share prices will eventually track business performance.
Here are four growth stocks that can, over time, deliver good returns for your investment portfolio.
Mercadolibre (NASDAQ: MELI)
Mercadolibre is the largest e-commerce player in Latin America and provides digital and technology tools for individuals and businesses to trade products and services.
The company reported a sparkling set of earnings for 2022, with net revenue climbing 49.1% year on year to US$10.5 billion.
Operating income more than doubled year on year from US$441 million to...