MercadoLibre (NASDAQ: MELI) was one of the hottest stocks during the worst of the pandemic, hitting an all-time high of $1,984 on Jan. 20, 2021. Can MercadoLibre rebound amid such poor macro-economic conditions? Here are two reasons you can look for a big-time bounce back in MercadoLibre's stock now.
The cloud services industry is dominated by trillion-dollar giants like Amazon and Microsoft, but DigitalOcean (NYSE: DOCN) has found an edge by focusing on small to mid-sized business customers with under 500 employees. It's a segment of the market that larger players pay less attention to, but DigitalOcean is catering to their needs on price, service, and ease of use. DigitalOcean now serves 623,000 customers, and over the last 12 months, it has generated $462 million in revenue, a 36% jump year over year.
Zoom Video (ZM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.