Another Great Report From Mercadolibre
Aug 10, 2024
Mercadolibre put forth another excellent quarter in Q2. Sales were up 42%, on the back of a 36% growth in total payment volume in the Fintech business, and 20% gross merchandise volume growth in the Commerce segment. The ads business, a relatively new one, was up 51%, reached 2% of GMV, and just expanded into Disney+ in Latin America. Truly the "Amazon of Latin America", and pretty much the PayPal too, Mercadolibre dominates e-commerce AND digital payments in Brazil and Mexico, and doesn't seem to be slowing down any time soon. It gets another fair value bump to $2,168. The stock continues to look like a buy.
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Watch List
| APPF | 4.30% |
| CMG | 40.33% |
| PSTG | -1.39% |
| WDAY | -5.41% |
| VEEV | 19.23% |
| INTU | 20.20% |
| RDDT | 16.57% |
| NTNX | 27.22% |
| CRWD | 95.83% |
| SE | 32.72% |
| SNOW | 13.92% |
vs. Fair Value Estimates
Buy List
| PINS | -38.24% |
| SEMR | -33.68% |
| TSM | -40.25% |
| ZETA | -27.44% |
| GOOG | -50.34% |
| NYAX | -30.24% |
| MSFT | -28.00% |
| FLYW | -39.29% |
| HRMY | -59.63% |
| YOU | -39.80% |
| ABNB | -31.51% |
| ADBE | -41.68% |
vs. Fair Value Estimates
Hold List
| ASML | -23.91% |
| VTEX | -13.76% |
| ODD | -6.91% |
| ASR | -24.09% |
| CELH | 39.84% |
| TOST | 18.60% |
| CPNG | -11.81% |
| HIMS | -5.43% |
| PAYC | -18.56% |
| MNDY | 21.64% |
| GLBE | -21.93% |
| ZS | 38.75% |
| V | -4.82% |
| ADSK | 1.57% |
| NOW | 15.34% |
| MELI | -19.68% |
| FTNT | 1.73% |
| TEAM | 0.14% |
vs. Fair Value Estimates