How the Coronavirus Shutdown Is Boosting MercadoLibre's Growth in Latin America
Despite a bear market and the threat of recession looming over world economies, some businesses actually stand to benefit from the COVID-19 pandemic. But beware of the pundits pushing short-term coronavirus plays -- look for long-term business or consumer trends. The current health crisis will certainly change things, providing opportunities for savvy companies.
For one such example, look no further than Latin America e-commerce giant and payments processor MercadoLibre (NASDAQ: MELI). Its stock has fallen further than the market averages in the past several weeks, and yet it's reporting triple-digit revenue growth in Mexico.
Yes, you read that right.
Source Fool.com
