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MELI - 2 Reasons MercadoLibre Is the Stock to Watch Now
MercadoLibre Inc.
2023-09-29 08:00:00 ET
MercadoLibre (NASDAQ: MELI) is among the best-performing e-commerce stocks in the last five years. With a 275% return, the Latin American company has beaten some of the behemoths of this sector -- including Amazon and Shopify -- in delivering returns to investors during this period.
This rising star delivered remarkable growth during the pandemic and even sustained that performance in recent quarters. Let's delve into two reasons MercadoLibre should still be on investors' radar now.