Core Viewpoint - True diversification in investment involves not only spreading investments across different industries but also across various countries and regions, as emphasized by macro investor Ray Dalio [1][2]. Group 1: Alibaba Group - Alibaba Group's stock has been underperforming since 2022, primarily due to its association with China, despite strong management performance [3][4]. - The company is increasingly recognized for its data center and cloud computing capabilities, which are expected to contribute significantly to its growth in Asia's emerging economies [4][5]. - Analysts have a consensus view of a Moderate Buy for Alibaba, with a price target of $159.7 per share, indicating a potential upside of 32.5% from current levels [6]. Group 2: Nu Holdings - Nu Holdings is a Brazilian financial platform catering to a growing middle class, similar to Robinhood in the U.S. [7]. - Institutional interest in Nu Holdings is rising, with State Street Corp increasing its holdings by 2.4%, now representing a net position of $1.25 billion [8][9]. - The consensus view for Nu Holdings is a Moderate Buy with a price target of $15.8 per share, while one analyst suggests an Outperform rating with a target of $18, indicating a potential upside of 36% [10]. Group 3: Mercado Libre - Mercado Libre is positioned as a key player in the Latin American market, akin to Amazon, benefiting from the region's middle-class growth [12]. - Analysts forecast earnings per share (EPS) of $13.79 for Q4 2025, a 33.7% increase from the current EPS of $10.31 [13]. - The stock trades at a premium P/E ratio of 57.8x, reflecting high market expectations for future growth compared to the industry average of 27.9x [14].