By Mill Chart
Last update: Aug 7, 2023
In this article we will dive into MERCADOLIBRE INC (NASDAQ:MELI) as a possible candidate for growth investing. Investors should always do their own research, but we noticed MERCADOLIBRE INC showing up in our Louis Navellier growth screen, which makes it worth to investigate a bit more.
At ChartMill, a crucial aspect of their analysis is the assignment of a Fundamental Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous fundamental indicators and properties.
MELI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 34 industry peers in the Broadline Retail industry. MELI scores excellent on profitability, but there are some minor concerns on its financial health. MELI is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings would make MELI suitable for growth investing!
Our latest full fundamental report of MELI contains the most current fundamental analsysis.
More growth stocks can be found in our Lois Navellier screen.
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
MERCADOLIBRE INC
NASDAQ:MELI (4/26/2024, 7:03:09 PM)
After market: 1406 0 (0%)1406
+42.17 (+3.09%)
These three tech stocks look like reliable long-term winners.
These three should have a lot of room to run.
The market is at a crossroads, transitioning into a new bull market. Investors should consider these unstoppable tech stocks for big gains.
Sea Limited and Mercado Libre are growing rapidly, but only one can be the best growth stock to buy.
Sea Limited and Mercado Libre are growing rapidly, but only one can be the best growth stock to buy.
And that's just part of the interesting news for investors to dig into.
Online sales are not the top growth driver for these e-commerce conglomerates.
Plenty of stocks are still worth buying despite the S&P 500 sitting around all-time highs.
Here are four stocks to buy now that could offer investors upside in the short and long term.
Fintech stocks have multiple, strong, positive catalysts, including consumers increased willingness to use smartphone apps for banking.