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Should You Buy MercadoLibre Stock on the Dip?

By Parkev Tatevosian, CFA – Nov 11, 2024 at 7:30AM

Investors could not find any enthusiasm in the company's latest reported figures.

MercadoLibre (MELI +2.54%) is sometimes called the Amazon (AMZN +1.41%) of Latin America, and it is generating growth rates that exceed its U.S. doppelganger's.

*Stock prices used were the afternoon prices of Nov. 6, 2024. The video was published on Nov. 8, 2024.

About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and MercadoLibre. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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