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
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US:NASDAQ Investor Relations:
investor.mercadolibre.com/investor-relations
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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
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News
- MercadoLibre (MELI) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at Citigroup Inc. from $1,990.00 to $1,940.00. They now have a "buy" rating on the stock.MarketBeat
- How to Find Strong Retail-Wholesale Stocks Slated for Positive Earnings Surprises [Yahoo! Finance]Yahoo! Finance
- MercadoLibre to increase investments in Brazil to $4.6 bln in 2024 [Reuters]Reuters
- MercadoLibre to increase investments in Brazil to $4.6 billion in 2024 [Yahoo! Finance]Yahoo! Finance
MELI
Earnings
- 2/22/24 - Miss
MELI
Sec Filings
- 2/23/24 - Form 10-K
- 2/22/24 - Form 8-K
- 2/14/24 - Form SC
- MELI's page on the SEC website