<div id="readability-page-1">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 &#34;Magnificent Seven&#34; (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. <div><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxODgvcmtsYi1yb2NrZXQtbGFiLXVzYS1zdG9jay1tYXJrZXQtaW52ZXN0bWVudC5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="479" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxODgvcmtsYi1yb2NrZXQtbGFiLXVzYS1zdG9jay1tYXJrZXQtaW52ZXN0bWVudC5qcGcmdz03MDA"/>Image source: Getty Images. </div> <h2>MercadoLibre</h2> First up is MercadoLibre (MELI -3.92%). 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. <h2>Rocket Lab USA</h2> Then there's Rocket Lab USA (RKLB -2.11%). 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. Nevertheless, there is a growing demand for space launches due to the ever-increasing amount of space-based infrastructure. Consider all the familiar tools that rely on space equipment: meteorological satellites, navigational aides, mapping and reconnaissance equipment, and communication links. As the demand for these tools increases down on Earth, there is a need to deploy more -- and improved -- equipment in space. Furthermore, there is also a pressing need for military and intelligence equipment in space. As such, Rocket Lab has partnered with the U.S. Department of Defense, Space Force, and various defense contractors. Turning to the company's stock, Rocket Lab's performance has been excellent. Its stock has advanced by nearly 600% over the last 12 months. The main driver has been its strong revenue growth. Trailing-12-month revenue has increased from $327 million to $466 million, an increase of 43%. However, the company's lack of profits and negative free cash flow will rule this stock out for some investors. In addition, while the space economy is a new field, it doesn't lack competition. Specifically, SpaceX and Blue Origin -- backed by their deep-pocketed founders of Elon Musk and Jeff Bezos, respectively -- are fierce challengers in this sector. Notwithstanding these risks, Rocket Lab does present an opportunity for investors who are bullish on the space economy. There will be no shortage of demand for space launches going forward, and if Rocket Lab can continue to deliver successful missions, the company's key metrics -- and stock price -- should continue to soar as well. </div>

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Apple's stock has fallen nearly 20% this year, prompting investors to consider alternatives. Two recommended stocks are MercadoLibre, which has shown strong financial growth in Latin America's e-commerce sector, and Rocket Lab USA, a small satellite launch company with significant revenue growth. MercadoLibre's risks include economic volatility in Latin America, while Rocket Lab faces competition from established players like SpaceX. Both stocks present opportunities for investors, but caution is advised due to potential market fluctuations.

- Apple stock has underperformed this year, falling nearly 20%, raising questions about its future as an investment.  
- MercadoLibre shows strong financial performance with a 37% revenue increase and a growing fintech arm, but investors should be cautious due to potential economic volatility in Latin America.  
- Rocket Lab USA has seen a 600% stock increase driven by revenue growth, but faces competition and lacks profitability, presenting both risks and opportunities in the expanding space economy.

Should You Forget Apple and Buy These 2 Millionaire-Maker Stocks Instead?