Today's video focuses on Mercadolibre (NASDAQ:MELI), recent news affecting the company, and its earnings report released on Nov. 4. Here are some highlights from the video. Mercado Pago, Mercadolibre's fintech service, continues to release new products.
Share prices of diversified industrial giant Caterpillar (NYSE: CAT), Latin American e-commerce titan MercadoLibre (NASDAQ: MELI), and fintech leader PayPal (NASDAQ: PYPL) and are all down in price by roughly 20% in the last six months. From their 52-week highs, PayPal and MercadoLibre are both down 40% or more. Caterpillar sells its equipment through a dealership network.
Growth stocks can be especially volatile during turbulent times in the market, because they generally trade at high valuations that already factor in some significant expectations for growth. Led by CEO Marcos Galperín, MercadoLibre (NASDAQ: MELI) has its sights set on becoming the dominant e-commerce platform in Latin America. Generally, an approval rating above 90% and a company rating above four stars are excellent, making MercadoLibre's numbers incredible.