MercadoLibre: An Attractively Valued Alternative To E-Commerce Giant Amazon


Key Topics in this News Article:

News Snapshot:

ipuwadol Last May, I turned bullish on MercadoLibre (NASDAQ:MELI) based on its growing scale, competitive advantages in key markets, the success of both its core and new products, and its international expansion plans. MELI stock is up around 20% since then. As attractive as that may sound, the S&P 500 has still beaten MELI stock since then, registering gains north of 23%. Then there's, Inc. (AMZN), a company I have been bullish on for as long as I can remember. Amazon's e-commerce revenue growth has accelerated in recent quarters after a lackluster 2022 but remains below historical levels. As...