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Jim Cramer - Mad Money MercadoLibre MELI-Q COMMENT Feb 04, 2022

Selling puts Take some of the risk away, if there's an ugly blow-up a la PayPal and Meta of this past week.
$1034.590

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BUY

He was an original investor. It is the Latin American version of Amazon.

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TOP PICK
Stockchase Research Editor: Michael O’Reilly

This e-commerce company, based in Buenos Aires, provides online retail services in Latin America.  We like that cash reserves are growing, while debt is aggressively retired and shares are bought back.  Recently reported revenues were up 40% and operating income increased over 130%.  We recommend setting a stop-loss at $1300, looking to achieve $1820 — upside potential of 18%.  Yield 0%

(Analysts’ price target is $1818.97)
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We reiterate this e-commerce company, based in Buenos Aires, provider of online retail services in Latin America.  It has 85 million unique customers using its services.  We like that cash reserves are growing, while debt is aggressively retired and shares are bought back.  We continue to recommend a stop at $1300, looking to achieve $1920 — upside potential of 30%.  Yield 0%

(Analysts’ price target is $1921.38)
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

We again reiterate this Latin American e-commerce company as a TOP PICK.  Its investment in Brazil is growing over $4 billion this year and the company intends to hire 11,000 new workers there to keep up with demand.  Recently reported earnings showed a 71% increase in profits.  Cash reserves are growing, while debt is aggressively retired and shares bought back.  We recommend trailing up the stop (from $1300) to $1450, looking to achieve $2000 -- upside potential of 25%.  Yield 0% 

(Analysts’ price target is $2007.59)
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jun 18/24, Up 9.4%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MELI is progressing well.  To remain disciplined, we recommend trailing up the stop (from $1450) to $1550 at this time. 

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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jun 18/24, Up 31%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MELI has achieved its target at $2000.  To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $1550) to $1625.  

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jun 18/24, Up 35.1%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MELI is progressing well.  To remain disciplined, we recommend trailing up the stop (from $1625) to $1923 at this time.

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jul 16/24, Up 22.3%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MELI has triggered its stop at $1923.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 28%, when combined with our previous guidance.  

WEAK BUY

It's the Amazon of South America. The recent downturn is due to profit-taking, but also fears of US tariffs against Latin America. However, this gives you exposure to Latin America.

HOLD

Really well run. Dominates Latin America. Branching out into payments, infrastructure is good. Somewhat susceptible to movements in the USD. Not sure if he sees growth overseas, as there are already big competitors in place.