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These stocks are going to keep rising even if the market falls

Mercadolibre (MELI)

Another one of my top picks in 2016 and 2017, Mercadolibre is the Amazon.com (sort of) of the Spanish speaking world. There are many ways to look at this company, and depending on which you choose, it looks very different. From a fundamental standpoint, the stock says “Run! Get out now! Head for the hills!” Even given the company’s phenomenal 70.5% yoy quarterly growth rate, it’s trailing P/E of 1,281 is high enough to make any investor do a double take. The other way to look at it is, that like Amazon.com and Alibaba before it, Mercadolibre will continue to grow rapidly until it is the primary online commerce site for its respective share of the world. If that’s the case, the company (and the stock) could easily be worth ten times its current price five years from now.

MELI

Chart courtesy of www.stockcharts.com

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Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.