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0.00732951424311398 0.0182060739229381 0.024608020089461 0.0211159067723457 0.00244840304480901 -0.00351565565408443 -0.00667032880797301 -0.0117243977085458
Stock impact report

MercadoLibre stock rises after JP Morgan upgrade [MarketWatch]

MercadoLibre, Inc. (MELI) 
Last mercadolibre, inc. earnings: 2/10 04:01 pm Check Earnings Report
Company Research Source: MarketWatch
MercadoLibre stock rises after JP Morgan upgrade JP Morgan analyst Andre Baggio upgraded MercadoLibre Inc. shares MELI, +2.14% to overweight from neutral on Tuesday, following the Latin American e-commerce stock's nearly 10% decline in Monday's session amid concerns about Venezuela's political stability. MercadoLibre "has shown impressive resilience despite macro slowdown," Baggio wrote. "Our conclusion is that secular shift to e-commerce trumps economic worries and MercadoLibre growth should remain healthy." He's encouraged by growth trends in the company's home country of Brazil as well as its traction with financial technology products. Shares are up 2.6% in premarket trading, and they've gained 113% so far this year. The S&P 500 SPX, +0.48% is up 15% in that time. Show less Read more
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