|Day's range||410.04 - 410.04|
Over the long run, e-commerce should continue to take market share from brick-and-mortar stores as delivery gets even faster and ordering gets more convenient. If you're looking for an e-commerce stock that has bucked the trend in the sector, MercadoLibre (NASDAQ: MELI) is a great choice. The Latin American e-commerce champ has continued to deliver strong results in its core markets and has gained market share, helped by challenges at rivals like Americanas and Sea Limited.
BRASILIA (Reuters) -Fresh competition in Brazil's lucrative meal voucher market must wait, according to people familiar with discussions between the Finance Ministry and central bank, which disagree about how to regulate a new system in time for its scheduled launch in May. A law passed in September under former President Jair Bolsonaro allows workers to move their meal credit between providers and spend it at any participating restaurant. Tech companies including the financial services arm of Mercado Libre and meal delivery company iFood expect the rules to let them take a bigger bite of a nearly 150 billion reais ($29 billion) market dominated by a handful of companies.
One smart way to find success in the market is by investing in stocks that offer growth at a reasonable price. After all, a lot of growth stocks, especially in sectors like software, already trade at speculative valuations that jeopardize their ability to beat the market over the long term. For a long time, MercadoLibre (NASDAQ: MELI) was one of them.