MELI News and Press, MercadoLibre Inc. From 07/11/23

2023-07-11 11:30:57 ET Summary MercadoLibre investors were hammered following a downgrade by Bank of America due to a new cross-border tax rule in Brazil, which could impact the company's competitive edge. I had already downgraded MELI in early May, seeing that its valuation and p...

2023-07-11 07:44:54 ET Summary MercadoLibre is under selling pressure due to economic uncertainty in Latin America. This is nothing new, and MercadoLibre has delivered an outstanding performance in spite of macro volatility over the long term. The company-specific fundamental ...

2023-07-10 18:33:54 ET Storied South American e-commerce company MercadoLibre (NASDAQ: MELI) experienced a bit of a fire sale on the stock market Monday. Its shares closed the day almost 5% lower on the back of a recommendation downgrade from a prominent U.S. bank. By contrast, the ...

2023-07-10 11:21:35 ET MercadoLibre ( NASDAQ: MELI ) slid more than 7% after BofA said a new cross-border tax rule will hurt results. The firm lowered its rating on the Latin American ecommerce company to Neutral from Buy, and its price objective to $1,350 from $1,680. N...

2023-07-09 05:45:00 ET Finding cheap stocks in today's market has become a bit difficult. Many valuations have become inflated thanks to investor enthusiasm, but I've identified two stocks that are still worth buying at today's prices. Airbnb (NASDAQ: ABNB) and MercadoLibre ...

2023-07-06 09:22:08 ET MercadoLibre ( NASDAQ: MELI ) was added as a new long idea at Hedgeye on a bullish thesis for the Latin American e-commerce giant. "The bullish setup is simple," Hedgeye analyst Brian McGough wrote in a note late Tuesday. "We have a positive macro inflecti...

2023-07-01 05:45:00 ET In today's complicated market, it can be difficult to filter out the noise and focus on what matters most -- achieving your financial goals. The best way to do that is by selecting top stocks and then building a diversified portfolio of companies that you believe can ...

MercadoLibre, Inc. (NASDAQ: MELI) is one of today's top gainers. The company's shares are currently up 3.15% on the day to $1,199. MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates Mercado Libre Marketplace, an automated online commerce platform that enables b...

2023-06-28 05:05:00 ET We might be back in a new bull market (depending on how you define the end of a bear market), but the broad indexes still trade down from all-time highs set over a year ago. And some stocks, especially the "pandemic winners," still trade at deep discounts compared to ...

2023-06-27 18:50:56 ET Summary MELI is a fast-growing e-commerce and fintech company. There are plenty of further growth opportunities for the business, and profitability is increasing. MELI should be worth at least 20% more, if not double what it is worth today. This ...