Tech stocks have taken it on the chin a short while ago. Soon after the market bid them up to notably lofty valuations, problems about the omicron COVID-19 variant, inflation, and other headwinds have despatched a lot of of them down by double-digit percentages. But amid the current market-wide hand-wringing, opportunistic buyers are looking by the sector for getting options.

To enable, we requested 3 Motley Fool contributors to highlight a tech firm that they see as a great long-expression buy right now. They arrived up with MercadoLibre (NASDAQ:MELI), United Microelectronics (NYSE:UMC), and DocuSign (NASDAQ:DOCU).

Impression supply: Getty pictures.

A tech-run e-commerce and fintech leader

Brian Withers (MELI): Founded in 1999, MercadoLibre is the foremost e-commerce participant in Latin The usa. It is also turning out to be a leader in the fintech area. The firm has executed very well all through the pandemic, but its inventory is down a lot more than 40% from the high it touched earlier in the yr. Let us take a glance at why now is a excellent time to decide up shares of this Latin American commerce leader. 

MercadoLibre seasoned large advancement because of to the pandemic. In the third quarter, its earnings grew an outstanding 66% year around calendar year on top of the 85% progress it booked in the prior-calendar year quarter. Merchandise bought — an indication of an e-commerce business’s health and fitness — grew by 26% after doubling in Q3 2020. And lastly, payment transactions grew by a healthier 55% on best of triple-digit progress the previous 12 months. Even as growth in people metrics slows down from its past pandemic-pushed rate, the new shoppers and profits quantity it added above the past two several years are not heading absent.

Details supply: Firm earnings presentations.

But traders are generally hunting forward, and they should really be encouraged that the enterprise is stepping up its video game. In its most modern…