After Earnings, MercadoLibre May Be Ready to Run Free
MercadoLibre (NASDAQ: MELI) reported strong numbers after releasing its third-quarter 2021 earnings report on Thursday, Nov. 4. This was welcome news to investors, as MercadoLibre and other e-commerce stocks have struggled in 2021 amid uncertainty about the effect of reopenings.
However, despite the increased offline activity, Thursday's report indicated many investors may have overestimated the effects of a potential slowdown. This could mean the near-term struggles for MercadoLibre stock may have ended.
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Source Fool.com
