1 Unstoppable Growth Stock to Buy With $3,000
(NASDAQ: MELI), an e-commerce specialist based in Latin America, has been on fire this year, with the company's shares up by 35% since early January. That's despite the significant uncertainty and volatility stocks have experienced, which suggests that the market is impressed with MercadoLibre's financial results or prospects (or both). The market is right. MercadoLibre is firing on all cylinders and still boasts an excellent long-term outlook. The stock is not cheap -- shares are changing hands for just under $2,477 apiece. But for those who have that kind of money to invest, here is why putting it to work with MercadoLibre would be a brilliant move.
Image source: Getty Images.
Several companies tried to dominate the e-commerce market in South America, including Amazon. However, MercadoLibre reigns supreme. The company's position in this region grants it a significant advantage. MercadoLibre has a deep footprint across South America, allowing it to service consumers across borders. That sounds like a logistical nightmare, but MercadoLibre has figured it out. Eating into the company's market share won't be easy for newcomers.
Source Fool.com
Mercadolibre Inc Aktie
Die Mercadolibre Inc Aktie in der Gunst der Community: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Das durchschnittliche Community-Kursziel von 2363 € für Mercadolibre Inc impliziert eine Steigerung von über 20% gegenüber 1595.2 €.
