Core Perspective - Investors are increasingly interested in overseas stocks, particularly as the S&P 500 and NASDAQ 100 are near all-time high valuations [1] Group 1: Emerging Market Opportunities - Analysts at Goldman Sachs maintain a bullish outlook on emerging equities, anticipating continued outperformance as global central banks may enter a multi-year easing cycle [2] - A declining dollar index is expected to support overseas valuations [2] - Investors are encouraged to create a watchlist of strong technology companies in emerging markets, such as NIO Inc., MercadoLibre Inc., and Telecom Argentina, which are currently under the radar of major players [3] Group 2: NIO Inc. Analysis - NIO reported a 25% increase in vehicle deliveries, rising from 57,373 units in Q2 2024 to 72,056 units in Q2 2025, indicating growing consumer demand [5] - Despite not yet achieving net profitability, the momentum in deliveries suggests potential for future profitability [6] - NIO's price-to-book (P/B) ratio stands at 18.6x, significantly higher than the auto sector's average of 2.9x, reflecting investor confidence in its future potential [7] Group 3: MercadoLibre Insights - MercadoLibre is the leading e-commerce platform in South America, benefiting from a growing middle class and increasing disposable income in countries like Brazil and Argentina [8][9] - The company is projected to deliver an EPS of $13.79 for Q4 2025, representing a 34% increase from the current EPS of $10.31 [10] - Analysts have set a price target of $2,900 for MercadoLibre, indicating a potential upside of 16% compared to the current consensus price of $2,828.33 [11] Group 4: Telecom Argentina Overview - Telecom Argentina serves 34.6 million active users, covering 74% of the country's population, positioning it as a near-monopoly in the telecommunications sector [14] - The company is expected to benefit from the growth of 5G and fiber technology, which will enhance productivity and profits [13] - Analysts have set a target price of $10.23 for Telecom Argentina, suggesting a 36.2% upside from current levels [16]