Over the long run, e-commerce should continue to take market share from brick-and-mortar stores as delivery gets even faster and ordering gets more convenient. If you're looking for an e-commerce stock that has bucked the trend in the sector, MercadoLibre (NASDAQ: MELI) is a great choice. The Latin American e-commerce champ has continued to deliver strong results in its core markets and has gained market share, helped by challenges at rivals like Americanas and Sea Limited.
One smart way to find success in the market is by investing in stocks that offer growth at a reasonable price. After all, a lot of growth stocks, especially in sectors like software, already trade at speculative valuations that jeopardize their ability to beat the market over the long term. For a long time, MercadoLibre (NASDAQ: MELI) was one of them.
Zacks.com users have recently been watching MercadoLibre (MELI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.