Fintech is a compound word for financial technology. It refers to innovation in what is traditionally a very slow-to-adapt sector. Today, the sector comprises several blue-chip stocks representing companies that produce everything. Products and services range from back-end technology that makes banks operate more smoothly to consumer apps that facilitate the transfer of funds.However it may manifest, fintech is a market that is predicted to grow rapidly moving forward. It is currently predicted that its com ...

One prominent billionaire is already buying into Argentina's economic turnaround.Twenty years ago, a younger version of myself strolled the streets of Buenos Aires in search of a place to eat. I finally found a promising spot selling milanesa de carne sandwiches for 2 pesos. I can't overstate the bargain. It was an incredible sandwich, and it only cost me about $0.66.Back then, $1 was worth about three Argentine pesos. But today, $1 is worth nearly 900 pesos. In short, Argentine inflation has been relentles ...

Like Amazon, MercadoLibre has become an e-commerce conglomerate with separate businesses that bolster one another and function separately.Many investors lament missing out on Amazon. Few predicted it would evolve from an online bookseller into a retail behemoth. Nobody could have predicted that it would pioneer a cloud computing business.The list of those with regrets includes Warren Buffett, who said he was "too dumb" to invest before buying shares in 2019. This shows that missed opportunities are also a p ...

There are some important indications that its growth can continue.Unless you're retired and need to invest very conservatively, most investors want to have at least a few top growth stocks in their portfolios. There are no guarantees in the market, which is why diversification is so important. However, there are a few rare stocks that look like no-brainers. They're demonstrating incredible growth, are already profitable, and have strong growth drivers.MercadoLibre (MELI -1.69%) fits that framework, and ther ...

There should be nothing special about stocks at a 52-week high. Obviously the milestone indicates business has been good and likely will be better in the future. The market is signaling confidence the stock will continue to outperform. And studies suggest that thinking may be right. One said “that nearness to the 52-week high is a better predictor of future returns than are past returns.” It discovered that stocks trading at or very near their peak end up continuing on their way as the good news that propel ...

MercadoLibre is reportedly in talks to get a banking license in Mexico.The Latin American eCommerce/FinTech is in discussions with Mexico’s central bank, finance ministry and banking regulators to apply for a license, Osvaldo Gimenez, president of Mercado Pago, the company’s FinTech operation, told Bloomberg News Tuesday (May 21).“The opportunity is phenomenal. We see in Mexico what happened in Brazil over the last decade, where there was a huge increase in access to banking, electronic payments and credit, ...

MercadoLibre (MELI) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this operator of an online marketplace and payments system in Latin America have returned +30.7% over the past month versus the Zacks S&P 500 composite's +7.1% change. The Zacks Internet - Commerce industry, to which MercadoLibre belongs, has gained 9.9% over this period. Now the key question is: Where could ...

Here's Why MercadoLibre Will Likely Announce a Stock Split in 2024 XtockImages / iStock via Getty Images Investors are having a good year so far, thanks largely to growth stocks. As valuations continue to rise, it would not be shocking to see more boards of directors pursue stock splits. One stock that’s ripe for a potential split is MercadoLibre (Nasdaq: MELI), a Montevideo, Uruguay-based online e-commerce and payments behemoth whose stock has been on a tear of late. After a 10.4% year-to-date advance, M ...

This e-commerce superstar is growing much faster than Amazon.Amazon has been one of the best-performing stocks in the history of the stock market, and new advances in artificial intelligence (AI) have created a new wellspring of opportunity for the e-commerce king.However, while Amazon may continue to grow and gain, there's another e-commerce company that's growing faster and might have even greater opportunities. If you're looking for a powerhouse growth stock with massive potential, consider MercadoLibre ...

MercadoLibre (MELI) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this operator of an online marketplace and payments system in Latin America have returned +11.1% over the past month versus the Zacks S&P 500 composite's -0.4% change. The Zacks Internet - Commerce industry, to which MercadoLibre belongs, has gained 4.6% over this period. Now the key question is: Where could ...