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0.0026090751246506 0.00483746669018861 0.000629520617264567 0.00463319746334761 0.0129896658341148 0.014948793418817 0.0158587199747448 0.0181242513997084
Stock impact report

Americanas Crash Lifts MercadoLibre to Best Ever Start to a Year [BNN Bloomberg (Canada)]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
Company Research Source: BNN Bloomberg
Shares of the Buenos Aires-based e-commerce retailer and fintech provider are up roughly 31% this year on optimism that the company will gain market share after its Brazilian rival filed for bankruptcy protection amid debts of 43 billion reais ($8.4 billion). Companies that sell goods through Americanas may now question that relationship, potentially increasing MercadoLibre's bargaining power, according to Goldman Sachs Group Inc. analysts led by Irma Sgarz. The bank's channel checks signaled that some Brazilian suppliers are already adjusting terms for Americanas, with sellers also removing promotions or raising prices given the uncertain scenario. “We see a potential opportunity for share gains,” Sgarz wrote in a note dated Jan. 23. The stock is also getting a boost from investors pricing in the end of the US interest-rate hiking cycle and beginning to factor in a potential political change in Argentina — the company's second largest market, which has presidential elections i Show less Read more
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