The Panic-Proof Portfolio (Stockchase Research)
MercadoLibre
MELI-Q
TOP PICK
Apr 30, 2024
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%
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%
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%
(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.
(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.
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.
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.
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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)