MELI Stock Recent News
MELI LATEST HEADLINES
MELI rides on strength in the e-commerce and fintech businesses amid broader economic uncertainties.
The tech stock selloff in July surprised the market but not those investors who were paying attention.
MercadoLibre, Inc. MELI achieves 1.5% Growth on the Day Following TradePulse Power Inflow Signal
Walmart's business is thriving thanks in part to its innovative use of generative AI. Big-data specialist Palantir has been seeing demand for its AI-powered platform explode.
MercadoLibre has filed a complaint with Argentina's competition regulator, alleging that Argentine banks are using an anti-competitive tactic against the company's FinTech arm, Mercado Pago. In its legal complaint filed with the country's National Commission in Defense of Competition, MercadoLibre accused the banks of “illegally concentrating” under one payments platform, Bloomberg reported Monday (Aug. 26).
Regional challenges that weaken other companies make MercadoLibre stronger. It has become a leader in several industries.
Latin American e-commerce giant MercadoLibre's financial technology arm Mercado Pago announced on Wednesday that it has started making a so-called stablecoin priced in U.S. dollars at a one-to-one value available to its clients in Brazil.
Stanley Druckenmiller, a renowned investor with a stellar track record, has made headlines with his family office, Duquesne, selling its position in NVIDIA NASDAQ: NVDA after accurately predicting the AI boom and NVDA's subsequent surge. Druckenmiller first invested in NVIDIA in the fourth quarter of 2022, showcasing his keen market insight.
MercadoLibre is showing robust growth momentum across key metrics, while the stock appears significantly undervalued. Multiple strong growth drivers serve as a major catalyst, suggesting the company can sustain its impressive growth momentum over the long term. Valuation analysis suggests the stock is attractively valued, with a fair value of $185 billion, 85% higher than the current market cap.
This footwear newbie is growing faster than Nike and Lululemon, and it's just getting started. Investors can cash in on the explosive growth happening in Latin America's online retail market with this phenomenal growth stock.