E-commerce giant MercadoLibre is gaining millions of new customers who are driving growth.
Specialty coffee chain Dutch Bros has a large expansion plan for its innovative coffee chain.
Running shoe maker On Holding is still rolling out in new locations and attracting new business.
The market is full of amazing stocks to buy today. Although the economy is still dealing with high inflation, investors are optimistic about an economic landscape brimming with opportunity. That's driven by enthusiasm about artificial intelligence (AI) today, but there are amazing things happening in many areas.
If you're looking for some investing inspiration, MercadoLibre (NASDAQ: MELI), Dutch Bros (NYSE: BROS), and On Holding (NYSE: ONON) are my three favorite stocks to buy right now.
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MercadoLibre isn't a household name in the U.S., since it operates in Latin America. But it's a powerhouse e-commerce and fintech company that's creating change and opportunity in its region.
Its core business is e-commerce, and it has a robust marketplace that commands a huge portion of market share. It has processed $45 billion in gross merchandise volume (GMV) over the past nine months, and its third-quarter GMV increased 35% year over year (currency neutral). Revenue increased 49% year over year to $7.4 billion in the quarter.
Since it's such a huge company with a major footprint, small actions have big consequences. For example, it lowered its free shipping threshold from R$79 to R$19 in Brazil recently. It had the largest increase of new active customers in Brazil since 2021 in the third quarter, and the largest number of new customers quarterly ever.
The fintech business is also booming, with a 54% rise in total payment volume and a 29% increase in monthly active users. New users drove an 83% increase in the total credit portfolio, and management is aiming to become the top digital bank in Latin America.
The company is also incredibly profitable, and the combination of performance and opportunity creates a formidable tech giant with a long growth runway.
Dutch Bros is a growing chain of coffee shops with big ambitions. It went public in 2021 with about 500 stores, and over the past four years, it has successfully doubled its store count while generating higher comparable sales and becoming profitable on a generally accepted accounting principles (GAAP) basis. It has a new CEO and C-suite, and management's goal is to double store count again over the next four or five years.
Its stores are largely drive-thru only, which is a cost-efficient model that lends itself to quick service for its custom-crafted beverages.
The model also includes a small food menu that's been crafted to boost engagement, and the company only recently rolled out mobile ordering through its loyalty program. The loyalty program accounted for about 72% of transactions, five percentage points higher than last year, and the new order-ahead capabilities are enhancing the rewards ecosystem.
Dutch Bros has exclusive drinks focused on iced and energy, a better price point than other coffee chains, and friendly customer service to round out its winning formula. Customers are loving it, and there's a huge expansion opportunity, making it a no-brainer for long-term growth.
On Holding is a relatively young activewear brand that's resonating with an affluent clientele. It has scored several important celebrity endorsements, including bringing on tennis star Roger Federer, who hails from its Swiss headquarters, as a partner.
It caught attention for its original On Cloud sneakers, and it now has a full line of premium products that are selling like hotcakes. However, the company is still fairly small and not so well known, giving it a long growth runway.
In the 2025 third quarter, sales increased 35% year over year (currency neutral), with strength in both direct-to-consumer and wholesale channels. That implies both solid engagement with loyal fans who love its brand, and a healthy wholesale strategy to get its products in front of people who don't know it yet.
On top of that, On's premium prices lead to robust profitability. Gross margin improved from 60.6% last year to 65.7% this year in the third quarter, and net income increased 300%.
On has a long growth runway as it continues to roll out in global locations, and it should enjoy strong growth and reward investors for years to come.
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Jennifer Saibil has positions in Dutch Bros, MercadoLibre, and On Holding. The Motley Fool has positions in and recommends MercadoLibre and On Holding. The Motley Fool recommends Dutch Bros. The Motley Fool has a disclosure policy.