Growth stocks are often misunderstood as stocks whose prices are skyrocketing higher. However, a smarter definition of a growth stock is an equity representing a business that is firing on all cylinders, regardless of where the stock price trades. The best buying opportunities among growth stocks can sometimes come when a stock price is down, but the underlying business is seeing accelerating growth.
In 2026, there are two red-hot growth stocks that fit this criteria and could make great buys for your portfolio. One of them is MercadoLibre (NASDAQ: MELI), one of the fastest-growing large technology businesses in the world. The company is a top e-commerce and fintech provider in Latin American countries such as Mexico and Brazil. Last quarter, MercadoLibre reported impressive growth with net revenue increasing by 47% year over year in constant currency, reaching over $25 billion for the full year 2025. Commerce revenue grew by 40%, while fintech revenue grew by 51% year over year. The company has a huge opportunity for growth as e-commerce penetration in Latin America is still relatively low compared to more developed nations.
Another red-hot growth stock is Wix.com (NASDAQ: WIX), a website builder that has been hit hard by the market. Investors fear that Wix will be displaced by AI coding agents that can create websites for people themselves. However, Wix is already a platform that allows users to build a website without any coding, and its customer base consists of individual contractors and small businesses that may not be looking for cutting-edge software tools. Despite the market’s concerns, Wix has been preparing for more competition by acquiring Base44, a vibe coding application builder that has shown significant revenue growth.
With Wix stock trading down 82% from all-time highs, now could be a great time to consider buying this stock. The disruption risk may be overblown, and Wix’s accelerating top-line growth could present a strong investment opportunity.
Before investing in growth stocks like MercadoLibre and Wix.com, it’s important to research and consider all factors. The Motley Fool Stock Advisor team has identified the 10 best stocks for investors to buy now, and both MercadoLibre and Wix.com were not included in the list. However, historical data has shown that investing in the right stocks can lead to significant returns over time.
In conclusion, growth stocks can be a valuable addition to your portfolio if chosen wisely. Consider the long-term potential of companies like MercadoLibre and Wix.com, and make informed investment decisions based on thorough research and analysis.
