U.S.-based money transfer firm Western Union Co, announced an agreement Wednesday with South American e-commerce giant MercadoLibre to send digital remittances to Mexico, which have become a lifeline for the weakened local economy. The partnership will allow families abroad to send money through Western Union, while those in Mexico can collect the payments through Mercado Pago, MercadoLibre's digital finance arm, the two companies said. "The amount of time we save people who don't have to go to a physical location to pick up the remittance, we think that's an important advantage, and... you don't have to carry that cash from one place to another," said Pedro Rivas, director of Mercado Pago in Mexico.
The market is giving investors a gift, so investors shouldn't hesitate to get in on these three companies.
There's little question that the first half of 2022 was brutal for investors, ending with both the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite Index (NASDAQINDEX: ^IXIC) in bear market territory. Amazon, MercadoLibre, and Roku haven't been immune -- they're down 42%, 66%, and 82%, respectively, from the highs they hit last year.