+ Watch MELI
on My Watchlist
An online trading company which focused on enabling e-commerce and its related services.
Mercado Libre has been down since the beginning of the year, mainly because of uncertainty in the world economy, a miss in first quarter profit and a slower economic growth for Brazil, which represents a huge part of its current market. Although all this justify why the recent downside in the stock price, the company still has lots of space for growth in the long term, driven by the growing middle class of Latin America who are getting online. That's why although we can expect volatility in the short run because of economic uncertainty, uncertainty creates buying opportunities, and at today's price I think MELI is set to outperform the S&P 500 in the long term.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions