Real’s drop weakens Brazilian companies' earnings in dollars in 3Q24

Brazilian companies faced financial challenges in Q3 due to currency depreciation. Morgan Stanley predicts continued difficulties into 2025 and favors stocks with better microeconomic indicators.

Brazil antitrust body rules Apple must lift restrictions on in-app payments

MercadoLibre slumps as Q3 profit disappoints amid higher spending

MercadoLibre's shares dropped over 8% after disappointing earnings, reporting EPS of $7.83, below expectations. Analysts see this as a buying opportunity amid logistics and credit growth.

MercadoLibre earnings missed by $2.74, revenue topped estimates

MercadoLibre's Q3 EPS was $7.83, below expectations. Revenue was $5.31B. Stock rose 12.41% in 3 months, with overall positive financial health.

Mercado Libre shares fall after JP Morgan downgrade citing credit, cost concerns

Mercado Libre's stock downgraded to 'neutral' by JP Morgan due to concerns over credit operations, high valuations, and operational costs, impacting short-term growth outlook.

MercadoLibre, Latam's Amazon.com rival, rides high with AI, loans, drones

MercadoLibre expands its fintech offerings, providing instant loans and leveraging data to grow its e-commerce business amidst rising competition in Latin America.

AI to redefine traffic funnels, conversions for online marketplaces: Raymond James

Raymond James initiated an Outperform rating for MercadoLibre, highlighting AI's transformative potential in online marketplaces, while maintaining Market Perform ratings for Airbnb and ACV Auctions due to uncertainties.

MercadoLibre's fintech arm applies for banking license in Mexico

Mercado Pago, part of MercadoLibre, has applied for a banking license in Mexico to expand its financial services, aiming to become the largest digital bank in the country.

These 3 internet stocks are new Top Picks at Cantor

Cantor Fitzgerald initiated coverage of 22 internet stocks, highlighting Meta, MercadoLibre, and DoorDash as top picks based on growth potential despite macroeconomic risks.