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