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While the world of e-commerce in the United States and Europe is dominated by Amazon.com Inc. NASDAQ: AMZN and arguably shared with Chinese giant Alibaba Group NYSE: BABA, a new Latin American territory has been taken over by the region's leading platform instead, with a particular interest in Argentina's new breakout.
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.
Latin America offers a unique investment opportunity due to its balanced demographics, GDP size, and strategic location. MercadoLibre, sometimes called the 'Amazon of Latin America,' has grown rapidly and has tremendous future potential with its 'Blue Ocean' strategy. Shares look incredibly attractive due to the undemanding valuation.
MercadoLibre's Q2 results exceeded expectations, with revenue and EPS beating estimates by 8% and 24%, respectively, showcasing strong growth and profitability. Despite high investor expectations, MELI's diversified business model and strategic investments continue to drive significant growth across all regions and verticals. MELI's valuation is justified given its robust growth prospects and potential for 15%+ annual returns.
MercadoLibre (MELI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Shares of MercadoLibre Inc (MELI, Financial) fell 4.25% in mid-day trading on Oct 2. The stock reached an intraday low of $1,952.42, before recovering slightly to $1,978.30, down from its previous close of $2,066.11.
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