Shares of Latin America's e-commerce and digital economy leader MercadoLibre (NASDAQ: MELI) were down 5.3% on Wednesday. Its total number of users (both in commerce and in digital payments) are also climbing at a fast clip.
Technology companies qualify as great compounders because many have dominant brands and are well-positioned to grow along with digital adoption and technological advancements. Apple (NASDAQ: AAPL) must surely qualify as one of the most innovative technology companies in the world. The technology behemoth has dipped just 5% year to date, despite a near-18% decline in the NASDAQ Composite index over the same period, a testament to its durability and resilience.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.