3 Unstoppable Actions That Are Better Buys Than Shiba Inu
Get rich quick (ly). This is what some investors hope to do. And cryptocurrencies offer a way to do this.
To take Shiba inu (CRYPTO: SHIB), for example. The cryptocurrency generated a gain of over 5,000,000% in less than 15 months. To say it’s a staggering comeback is a huge understatement.
However, many traders in other cryptocurrencies have learned the hard way that what goes up can come down. I suspect buyers of Shiba Inu at current prices might learn the same lesson.
There are much less risky ways to make big bucks for long term investors. Here are three unstoppable actions that are better buys than Shiba Inu.
Real-world utility, or the lack of it, is arguably the biggest blow against Shiba Inu. You cannot do the same against Free Mercado (NASDAQ: MELI). This Latin American company is chock full of real-world utilities.
MercadoLibre is best known for its e-commerce platform. And for good reason. The company’s quarterly net sales from e-commerce exceeded $ 1 billion for the first time in the second quarter, more than doubling year-over-year at constant exchange rates.
Yet MercadoLibre is only scratching the surface of its opportunity. Morgan stanley expects the Latin America e-commerce market penetration to double by 2025. The market could grow more than six-fold in the coming decades. The biggest likely beneficiary of this growth? You guessed it – MercadoLibre.
But MercadoLibres is not just an e-commerce action; it is also a fintech action. The company’s Mercado Pago business continues to run at full speed. Latin America’s underdeveloped financial system gives the company’s digital portfolio a huge potential market. MercadoLibre stocks should have nowhere to go except upward over the long term.
MongoDB (NASDAQ: MDB) stands out as another unstoppable stock with plenty of room to run. The same argument for real-world utility made for MercadoLibre also applies to MongoDB.
Every action you take online creates data. This data must be stored somewhere. In today’s world, that somewhere is increasingly in the cloud. And no database vendor handles cloud data storage as well as MongoDB.
The company’s main growth driver is the company’s Atlas cloud platform. MongoDB reported that Atlas sales climbed 83% year-over-year in the second quarter and now represent 56% of its total revenue.
Can this remarkable momentum continue? Yeah. Atlas enables organizations to develop software faster and with the ability to scale up or down quickly as needed. This is a competitive advantage that should allow MongoDB to continue to grow rapidly for years to come.
3. Intuitive surgery
There is another challenge not to be overlooked for Shiba Inu: he does not have a moat. There are many other cryptocurrencies that could take center stage. In comparison, one of the best reasons to buy shares of Intuitive surgery (NASDAQ: ISRG) is because of its strong moat.
Intuitive pioneered the use of robotic surgical systems over two decades ago. Today, the company’s installed base consists of more than 6,500 systems. While Intuitive has potential rivals, none of them can match its track record and position in the market.
In addition to this strong gap, Intuitive also has exceptional growth prospects. The company estimates that around 6 million procedures are performed each year in markets where it already has regulatory approvals. That’s roughly four times the number of procedures its robotic systems were used for in 2020.
Best of all, Intuitive continues to invest in research and development to expand into other types of procedures. He believes these efforts could bring the number of addressable procedures to around 20 million. You might not get rich quick by investing in Intuitive Surgical, but there is a very good chance that you will make a lot of money over the next decade and beyond with this stock.
This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.