Mercado Libre is witnessing a consumption recovery in Argentina amid a period of “profound economic transition.”The Latin American eCommerce/FinTech platform announced Tuesday (Oct. 8) that it had sold a record 20 million products on its platform in August.“While in the first months of the year the supermarket category and basic necessities were the only ones that showed year-on-year growth, from May onwards there was strong growth in nonessential product categories,” the company said in a news release.Thes ...

I recommend buying MercadoLibre (NASDAQ: MELI ) shares after the 2Q24 results. This report is a continuation of my initial coverage article , published on April 10th, with the same recommendation about the company.More than 5 years of experience in equity analysis in LatAm. We provide our clients with in-depth research and insights to help them make informed investment decisions.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to ...

The continent isn't the global number one in any one thing; it misses top marks vs. other continents for population size, land area, GDP, and demographics. However, it makes up for the lack of aAt PropNotes, we focus on finding top-notch, high-yield investment opportunities for individual investors. With our background in professional Prop Trading, we make complex concepts easy to understand and offer clear, actionable advice to help you achieve better returns. Occasionally, we will also share exclusive opt ...

These results come on the back of two relatively disappointing quarters, reflecting the sensitive balance between margin, growth, customer satisfaction, and shareholder expectations, which MELI's managementI aim to invest in companies with perfect qualitative attributes, buy them at an attractive price based on fundamentals, and hold them forever. I hope to publish articles covering such companies approximately 3 times per week, with extensive quarterly follow-ups and constant updates.I manage a concentrate ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider MercadoLibre (MELI) . This company, which is in the Zacks Internet - Commerce industry, shows potential for another earnings beat. This operator of an online marketplace and payments system in Latin America has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average su ...

MercadoLibre (MELI, Financial) shares experienced a notable decline of 4.6% following a downgrade from JP Morgan, which shifted its rating from Overweight (Buy) to Neutral. The adjustment was influenced by concerns over the company's credit business, increasing operational costs, and potential tax rate hikes.MercadoLibre (MELI, Financial) is currently trading at $1,971 per share, with a market capitalization of approximately $99.92 billion. The company's price-to-earnings (P/E) ratio stands at 71.23, sugges ...

There are worthwhile investment themes beyond artificial intelligence.Artificial intelligence (AI) has arguably been the hottest investment theme for two years, and Nvidia has been one of the hottest stocks on Wall Street. But there are other worthwhile trends. The hedge fund managers listed below sold shares of Nvidia in the second quarter, while purchasing shares of e-commerce stocks Shopify (SHOP -2.11%) or MercadoLibre (MELI 0.69%).Ken Griffin of Citadel Advisors sold 9.2 million shares of Nvidia, slash ...

Which of these high-growth e-commerce companies has more upside potential?MercadoLibre (MELI 0.69%) and PDD (PDD 8.03%) are two of the fastest growing e-commerce companies in the world. MercadoLibre is the top e-commerce company in Latin America, while PDD is the third largest player in China.Both stocks have skyrocketed since their debuts. MercadoLibre went public in 2007, and it's surged more than 11,370% from its IPO price of $18 to about $2,037 recently. PDD went public at $19 in 2018, and it's rallied ...

The latest trading session saw MercadoLibre (MELI) ending at $2,066.12, denoting a +0.69% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.93%. Meanwhile, the Dow lost 0.41%, and the Nasdaq, a tech-heavy index, lost 1.53%.Coming into today, shares of the operator of an online marketplace and payments system in Latin America had lost 0.47% in the past month. In that same time, the Retail-Wholesale sector gained 5.61%, while the S&P 500 gained 2.17%.The investment communi ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks i ...