Thursday's trading session was very kind to South American e-commerce company MercadoLibre (NASDAQ: MELI). In an interview with Reuters, MercadoLibre chief financial officer Pedro Arnt said that his company was in discussions with Meta Platforms (NASDAQ: META) to process payments for the latter's WhatsApp secure messaging service in Brazil. According to Arnt, MercadoLibre is in the testing phase to be one of the companies providing this type of fintech service for the app.
Fortune favors the optimist, and buying stocks while they are down 40%, 50%, or more can prove to be incredible opportunities. Here's why PubMatic (NASDAQ: PUBM) and MercadoLibre (NASDAQ: MELI) look too cheap to pass up right now.
MercadoLibre (NASDAQ: MELI) and Fiverr International (NYSE: FVRR) are two top stocks to buy right now. MercadoLibre continues to enjoy high sales growth as it dominates Latin American e-commerce. This was particularly well illustrated in Brazil, which is the most populous country in Latin America (with nearly 214 million people) and one of MercadoLibre's largest markets.