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Investors could not find any enthusiasm in the company's latest reported figures.
MercadoLibre (MELI 3.30%) is sometimes called the Amazon (AMZN -1.51%) 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.
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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