StoneCo (NASDAQ: STNE) and MercadoLibre (NASDAQ: MELI) are leaders in the e-commerce and digital payments spaces in Latin America. In this Motley Fool Live segment from "The 5" recorded Oct. 8, Fool.com contributors Jason Hall, Jeremy Bowman, and Nicholas Rossolillo discuss why the future still looks bright for both tech firms. Jeremy Bowman: Let's talk about what your favorite international stock -- your favorite non-U.S. stock -- is right now.
After all, the global e-commerce market could still expand at a compound annual growth rate (CAGR) of 16% from 2021 to 2026, according to Research and Markets, as the generational disruption of brick-and-mortar retailers continues. MercadoLibre is the largest e-commerce company in Latin America. It also processes digital payments with its Mercado Pago platform.
Its fintech business should excite investors as there's a bright future ahead with this segment.