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MercadoLibre (MELI-Q)
NASDAQ:MELI
1,270.67
12.65
(1.01%) 1d
Financials
Technical Analysis
$933.100
Unknown
Purchased it recently in one of his funds. It is the latin-american version of Amazon. Their operations focus in Brazil, Argentina and Mexico. E-commerce will continue to grow, and it is a good way to get exposure in an area that is not typically on investor's radar. It is expensive, but it may always be expensive.
Stockchase Research Editor: Michael O'Reilly A similar e-commerce opportunity like SHOP is to North America, MELI is to Latin America. The company uses its platform to help businesses sell their items online and also has a fintech side of their business to help manage cash payments. The company reported strong Q1 earnings with sales growth over 30% for the past five years and the trend is catching on in the region. The company reports earnings this week, so there could be some opportune volatility. We would look to a pullback towards $1000 as an excellent entry point with an eye to re-test highs near $1200 or towards $1400.
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MercadoLibre(MELI-Q) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
MercadoLibre(MELI-Q) Frequently Asked Questions
What is MercadoLibre stock symbol?
MercadoLibre is a American stock, trading under the symbol MELI-Q on the NASDAQ (MELI). It is usually referred to as NASDAQ:MELI or MELI-Q
Is MercadoLibre a buy or a sell?
In the last year, there was no coverage of MercadoLibre published on Stockchase.
Is MercadoLibre a good investment or a top pick?
MercadoLibre was recommended as a Top Pick by on . Read the latest stock experts ratings for MercadoLibre.
Why is MercadoLibre stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is MercadoLibre worth watching?
0 stock analysts on Stockchase covered MercadoLibre In the last year. It is a trending stock that is worth watching.
What is MercadoLibre stock price?
On 2023-06-02, MercadoLibre (MELI-Q) stock closed at a price of $1270.67.
