The stock market has had a shaky start to the year. The tech-centric Nasdaq Composite (^IXIC -2.70%) is down 7% year to date at the time of this writing. Highly valued growth stocks have been hit the hardest, which is typical when market volatility ramps up, but there are reasonably priced stocks holding up quite well.
Shares of MercadoLibre (MELI -2.27%) and PDD Holdings (PDD -3.11%) are up 22% and 26%, respectively, this year. Based on their business momentum and relatively low valuations, these stocks could have room to run.
1. MercadoLibre
MercadoLibre is a powerhouse e-commerce and fintech company in Latin America. This is one of the fastest-growing e-commerce markets globally, which has fueled MercadoLibre’s stock up 1,600% over the last 10 years.
Despite the strong returns, the stock is trading at its lowest valuation in years. The company’s revenue has grown faster than the share price over…
