Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6 billion spent in 2023.The investment will be distributed across various business areas, including warehouse expansion, logistics network enhancement, loan increases, salary payments, and marketing and technology investments, Bloomberg reported Friday (March 15).David Geisen, Mercado Libre’s Mexico country chief, outlined the company’s plan to bolster its eCommerce ...

When selecting high-quality growth stocks, legendary investor Peter Lynch emphasized understanding the fundamentals of a business, observing consumer trends in everyday life, taking a long-term perspective and combining financial metrics with common sense. This methodology can help identify stocks poised for tremendous expansion like Walmart (NYSE:WMT) in its early days.By targeting companies that exhibit leadership in their industry but still have ample room to grow both domestically and globally, investor ...

MercadoLibre (MELI) ended the recent trading session at $1,550.62, demonstrating a +0.33% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, lost 0.54%.Coming into today, shares of the operator of an online marketplace and payments system in Latin America had lost 9.42% in the past month. In that same time, the Retail-Wholesale sector gained 2.94%, while the S&P 500 ga ...

2 Stocks to Buy on the Earnings DipHere are two stocks that sold off that I have my eye on! Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.2 Stocks to Buy on the Earnings DipThis is an article I seem to write for every earnings season. Every quarter, a couple of stocks get hammered after either under-delivering or being punished for having a high valuation. To be fair, both re ...

MercadoLibre (MELI) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this operator of an online marketplace and payments system in Latin America have returned -9.4% over the past month versus the Zacks S&P 500 composite's +3.8% change. The Zacks Internet - Commerce industry, to which MercadoLibre belongs, has gained 6.1% over this period. Now the key quest ...

MercadoLibre's (MELI -1.18%) stock sank 10% on Feb. 23 in response to its fourth-quarter earnings report. The Latin American e-commerce leader's revenue rose 42% year over year (83% on a currency neutral basis) to $4.26 billion and exceeded analysts' estimates by $130 million. However, its diluted earnings stayed flat at $3.25 per share and broadly missed the consensus forecast of $7.17 per share.That earnings miss was jarring, but a closer look indicates its core business is still firing on all cylinders. ...

Investors with an interest in Internet - Commerce stocks have likely encountered both PDD Holdings Inc. (PDD) and MercadoLibre (MELI) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight st ...

In this video, I will be talking about MercadoLibre's (MELI -10.15%) recent earnings report and why it might be a buying opportunity.*Stock prices used were from the trading day of Feb. 22, 2024. The video was published on Feb. 23, 2024. ...

MercadoLibre (MELI) reported fourth-quarter 2023 earnings of $3.25 per share, which missed the Zacks Consensus Estimate by 51.2%. The bottom-line remained flat year over year. Revenues surged 41.9% on a year-over-year basis (83.2% on a FX-neutral basis) to $4.26 billion. The top line surpassed the Zacks Consensus Estimate by 2.83%. Total revenues were driven by accelerating commerce and fintech revenues, which grew 48% and 34% year over year to $2.46 billion and $1.8 billion, respectively. Revenues from MEL ...

Shares of MercadoLibre (MELI -10.81%) were sliding today as a narrowing gross margin and expectations of slowing growth seemed to overshadow a strong quarter. The company's reported profit was also impacted by a one-time tax liability.As a result, the stock was trading down 12.9% as of 10:31 a.m. ET. MercadoLibre's hot streak cools offThe Latin American e-commerce and digital payments specialist has been a top performer throughout its history and has delivered brisk growth coming out of the peak of the pand ...