5 Reasons to Buy MercadoLibre Stock Like There's No Tomorrow

There are few stocks on the market today with opportunities that can rival those of MercadoLibre (NASDAQ: MELI). It has an excellent business and plenty of growth drivers, and it's even priced to perfection. Here are five reasons to buy it today.MercadoLibre's core business is e-commerce. It's highly profitable, providing the capital for the company to venture into faster-growing businesses. That said, the e-commerce business itself is still growing at a healthy pace. In the second quarter, gross merchandise volume increased 20% year over year, or 82% on a currency-neutral basis, and items sold increased 29%. That's a typical quarter.Management is still investing in its e-commerce segment, adding new features and programs to onboard suppliers and attract new members, improve logistics and delivery times, and offer more products to generate higher sales and engagement.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool