Core Insights - MercadoLibre (MELI) is outperforming its peers in the Retail-Wholesale sector with a year-to-date return of 25.3% compared to the sector average of 4.9% [4] - The Zacks Rank for MercadoLibre is 2 (Buy), indicating a favorable outlook based on earnings estimate revisions [3] Group 1: Company Performance - Over the past three months, the Zacks Consensus Estimate for MELI's full-year earnings has increased by 4.6%, reflecting improved analyst sentiment [4] - In the Internet - Commerce industry, MercadoLibre ranks 52 in the Zacks Industry Rank and has outperformed the industry average gain of 6.8% this year [6] Group 2: Sector Comparison - Walgreens Boots Alliance (WBA) is another stock in the Retail-Wholesale sector that has performed well, with a year-to-date return of 20.4% and a Zacks Rank of 2 (Buy) [5] - The Retail - Pharmacies and Drug Stores industry, which includes Walgreens, has seen a year-to-date increase of 20.7% [6]
Are Retail-Wholesale Stocks Lagging MercadoLibre (MELI) This Year?