Jake Lerch, The Motley Fool

Tue, Jul 1, 2025, 1:05 PM4 min read

• MercadoLibre continues to post amazing revenue growth as its e-commerce and payments units surge in popularity.

• Rocket Lab USA is capitalizing on the fast-growing space economy.

• 10 stocks we like better than Rocket Lab ›

Is the shine coming off of Apple stock? It's a question I've been asking for years, and, so far this year, Apple is leaving investors disappointed. Its shares have fallen by nearly 20%. That makes it one of the two worst-performing stocks -- along with Tesla -- among the "Magnificent Seven" (Apple, Alphabet, Amazon, Microsoft, Nvidia, Meta Platforms, and Tesla).

So, has the time come for investors to shunt Apple to the side in favor of some new stocks? I think so, and here are two companies I would consider.

First up is MercadoLibre (NASDAQ: MELI).

What's appealing about MercadoLibre is its solid financial performance and the secular tailwinds that could power its growth for years.

MercadoLibre operates the largest e-commerce network in Latin America and has generated $22.4 billion in revenue over the last 12 months. Overall revenue increased at a blistering 37% in its most recent quarter (for the three months ending on March 31, 2025), while net income surged by 44%. Gross merchandise value (GMV) increased 17% overall, while GMV in Argentina alone skyrocketed by 126%.

In addition to its strong e-commerce results, the company's fintech arm, Mercado Pago, continues to grow rapidly. Monthly active users (MAUs) hit 64 million, an increase of 31% from the same quarter last year, showing that the company is rapidly scaling this lucrative business that provides financing options for customers.

Finally, it is important to note that e-commerce in Latin America remains in its early stages, as much of the region is still building out the infrastructure needed to support an e-commerce economy. MercadoLibre is at the forefront, and is rapidly expanding its logistics network to lower its fulfillment costs and expand free shipping wherever possible.

All this said, MercadoLibre stock does carry some risk. Most notably, Latin American economies tend to be volatile. Any economic downturn could quickly cut into MercadoLibre's rapid growth.

Therefore, investors should exercise caution. While MercadoLibre's long-term prospects remain bright, one should be prepared for volatility in the short term.

Then there's Rocket Lab USA (NASDAQ: RKLB).

The company provides small satellite launches using reusable rockets, a similar business model to one of its chief competitors, SpaceX -- although on a much smaller scale. Last year, Rocket Lab launched 16 missions, while SpaceX launched 138.