These two giants are finally going head to head.MercadoLibre (MELI 0.85%) and Nu Holdings (NU 3.84%) are top companies based in Latin America and are both reporting incredible growth. Until now, there hasn't been much overlap between them. But MercadoLibre just announced that it's encroaching on Nu's territory, with plans to open the largest all-digital bank in Mexico.Is this a threat to Nu's business?Nu is leading a digital-banking charge in Latin AmericaNu and MercadoLibre both offer fintech solutions for ...

This stock has been a 20-bagger over the last 10 years and still has plenty of room to run.Amazon is so big you might think it dominates everywhere. That's not the case, though. In Latin America, there's another 800-pound gorilla: MercadoLibre (MELI 0.85%).Over the last 10 years, MercadoLibre stock has been a 20-bagger, nearly doubling Amazon's return. Is it too late to jump aboard this Latin American leader's bandwagon? Not at all. Here are three reasons to buy MercadoLibre stock like there's no tomorrow.1 ...

Can it do it again? Let's do the math.How would you like to see a $1,000 investment gain almost 2,000% in 10 years? Investors dream about these kinds of returns. If you can identify stocks with incredible potential and diversify your holdings, you could very well end up owning a stock that delivers such gains.MercadoLibre (MELI 0.85%) stock is one such example. If you'd invested $1,000 in MercadoLibre stock 10 years ago, you'd have just over $20,000 today. But we're not here to talk about the past. Let's se ...

The e-commerce and payments company has grown dramatically, and investors have been rewarded.MercadoLibre (MELI -0.81%) is often referred to as the "Amazon.com of Latin America," due to its e-commerce dominance in key markets like Brazil and Argentina. But there's much more to this business. In addition to its e-commerce marketplace, MercadoLibre also has the massive Mercado Pago payments platform, the Mercado Envios logistics platform, a fast-growing lending business, and more.The company has evolved and h ...

Fintech is a compound word for financial technology. It refers to innovation in what is traditionally a very slow-to-adapt sector. Today, the sector comprises several blue-chip stocks representing companies that produce everything. Products and services range from back-end technology that makes banks operate more smoothly to consumer apps that facilitate the transfer of funds.However it may manifest, fintech is a market that is predicted to grow rapidly moving forward. It is currently predicted that its com ...

One prominent billionaire is already buying into Argentina's economic turnaround.Twenty years ago, a younger version of myself strolled the streets of Buenos Aires in search of a place to eat. I finally found a promising spot selling milanesa de carne sandwiches for 2 pesos. I can't overstate the bargain. It was an incredible sandwich, and it only cost me about $0.66.Back then, $1 was worth about three Argentine pesos. But today, $1 is worth nearly 900 pesos. In short, Argentine inflation has been relentles ...

Like Amazon, MercadoLibre has become an e-commerce conglomerate with separate businesses that bolster one another and function separately.Many investors lament missing out on Amazon. Few predicted it would evolve from an online bookseller into a retail behemoth. Nobody could have predicted that it would pioneer a cloud computing business.The list of those with regrets includes Warren Buffett, who said he was "too dumb" to invest before buying shares in 2019. This shows that missed opportunities are also a p ...

There are some important indications that its growth can continue.Unless you're retired and need to invest very conservatively, most investors want to have at least a few top growth stocks in their portfolios. There are no guarantees in the market, which is why diversification is so important. However, there are a few rare stocks that look like no-brainers. They're demonstrating incredible growth, are already profitable, and have strong growth drivers.MercadoLibre (MELI -1.69%) fits that framework, and ther ...

There should be nothing special about stocks at a 52-week high. Obviously the milestone indicates business has been good and likely will be better in the future. The market is signaling confidence the stock will continue to outperform. And studies suggest that thinking may be right. One said “that nearness to the 52-week high is a better predictor of future returns than are past returns.” It discovered that stocks trading at or very near their peak end up continuing on their way as the good news that propel ...

MercadoLibre is reportedly in talks to get a banking license in Mexico.The Latin American eCommerce/FinTech is in discussions with Mexico’s central bank, finance ministry and banking regulators to apply for a license, Osvaldo Gimenez, president of Mercado Pago, the company’s FinTech operation, told Bloomberg News Tuesday (May 21).“The opportunity is phenomenal. We see in Mexico what happened in Brazil over the last decade, where there was a huge increase in access to banking, electronic payments and credit, ...