Netflix and MercadoLibre Are Underperforming the S&P 500. Here's the 1 Stock I'd Buy in August.

Netflix and MercadoLibre have significantly underperformed the S&P 500 this year, down 38% and 23% respectively. Both stocks disappointed investors with recent quarterly results, facing challenges like slowing revenue growth at Netflix and margin contraction at MercadoLibre. Despite near-term headwinds, the author views both as historically cheap opportunities but favors MercadoLibre for August purchases due to its faster growth and longer runway in Latin America's digital migration.