Mercadolibre (MELI)

Re: Mercadolibre (MELI)

Postby winston » Tue Mar 05, 2019 9:38 pm

not vested

THIS 'ECOSYSTEM' BUSINESS COULD SOAR DURING THE MELT UP

Today's chart highlights one of Steve's favorite Melt Up ideas at work...

Longtime DailyWealth readers know we believe a Melt Up is coming in the stock market, where investors will rush in for the blow-off top.

When that happens, Steve says certain "ecosystem" tech stocks could absolutely soar. Today's company is a great example in e-commerce...

MercadoLibre (MELI) is Latin America's biggest e-commerce player. It's the leader in all 18 countries it operates in.

Latin American e-commerce sales are expected to grow to $75 billion by 2020 (from just $45.4 billion in 2017). And with its popular online-shopping ecosystem, MercadoLibre is reaping the benefits...

In the fourth quarter, the company reported sales of $428 million, 62% higher than the same quarter a year ago (on a currency-neutral basis).

Steve recommended MELI to his True Wealth Systems subscribers in October. Investors who followed his advice are up more than 50% in about four months. As we said last year, this is exactly the kind of stock you want to own during the Melt Up...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Mercadolibre (MELI)

Postby winston » Wed May 27, 2020 9:38 pm

not vested

LATIN AMERICAN CONSUMERS ARE BUYING ESSENTIAL GOODS ONLINE

Today, we're checking in on another company that's thriving as people shop from home...

With people stuck at home during COVID-19 shutdowns, e-commerce is getting a huge tailwind. We've covered this theme by looking at recent highs in Amazon (AMZN) and Shopify (SHOP). Today's company is also showing signs of strength...

MercadoLibre (MELI) is a $40 billion e-commerce platform. It's the "Amazon of Latin America." The company's biggest market, Brazil, remains a hot spot for the coronavirus. So people need goods delivered to their homes... And they're turning to MercadoLibre.

Because of the coronavirus, the company's sales volume for essential goods – like health products, consumer goods, and games – has more than doubled year over year.

As you can see in today's chart, MercadoLibre shares have nearly doubled in recent weeks. The stock is up more than 40% over the past year, recently hitting a fresh all-time high.

As coronavirus lockdowns drag on, expect folks to continue turning to this e-commerce leader...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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