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Billionaires Are Selling Nvidia Stock and Buying 2 Brilliant Growth Stocks That Have Little to Do With Artificial Intelligence
The Motley Fool· 2024-10-02 09:12
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 ...
Best Stock to Buy Right Now: MercadoLibre vs. PDD Holdings
The Motley Fool· 2024-10-02 08:21
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 ...
MercadoLibre (MELI) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2024-10-01 22:56
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 ...
Is MercadoLibre (MELI) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2024-10-01 17:46
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 ...
3 Consumer Discretionary Stocks Poised for Growth
MarketBeat· 2024-09-28 11:01
The consumer discretionary sector includes industries like retail, restaurants, and leisure and the sector is often viewed as a bellwether for economic health. As consumer confidence rises and disposable income increases, spending in these areas tends to follow suit. Recent data points to a positive outlook for the consumer discretionary sector, making it an attractive investment opportunity for those seeking growth potential. In particular, the rising consumer confidence index indicates a growing willingne ...
Mercado Pago Applies for Banking License in Mexico
PYMNTS.com· 2024-09-26 00:15
Mercado Pago, the FinTech arm of MercadoLibre, reportedly applied for a banking license in Mexico earlier this month. The firm sent the application to the Mexican regulator, the National Banking and Securities Commission (CNBV), Reuters reported Wednesday (Sept. 25). Mercado Pago is the second-largest digital wallet in Mexico, offering credit and debit cards, international transfers, interest on funds stored in the digital wallet, and personal and small business loans, according to the report. With a bankin ...
Why the Market Dipped But MercadoLibre (MELI) Gained Today
ZACKS· 2024-09-25 22:55
MercadoLibre (MELI) closed the latest trading day at $2,131.29, indicating a +0.96% change from the previous session's end. The stock's performance was ahead of the S&P 500's daily loss of 0.19%. Elsewhere, the Dow lost 0.7%, while the tech-heavy Nasdaq added 0.04%.The operator of an online marketplace and payments system in Latin America's stock has climbed by 3.67% in the past month, falling short of the Retail-Wholesale sector's gain of 6.04% and outpacing the S&P 500's gain of 1.95%.Market participants ...
Should Investors Buy MercadoLibre Stock Right Now?
The Motley Fool· 2024-09-25 13:45
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends MercadoLibre. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
MELI Stock Up 62.9% in a Year: Can E-commerce Strength Fuel Growth?
ZACKS· 2024-09-24 17:25
MercadoLibre (MELI) , the leading e-commerce platform in Latin America, has seen its stock jump 62.9% over the past year, outperforming the Zacks Internet-Commerce industry’s return of 36%, the broader retail sector’s rally of 30.3% and the S&P 500 index’s gain of 31.1%. This impressive growth has been fueled by several factors, including MELI’s growing e-commerce business, robust shipping services, and strong presence in Brazil, Mexico and Argentina.The company is also benefiting from the solid momentum in ...
JD vs. MELI: Which Stock Is the Better Value Option?
ZACKS· 2024-09-23 16:45
Investors interested in stocks from the Internet - Commerce sector have probably already heard of JD.com, Inc. (JD) 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.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that ta ...