Hayden Capital, an investment management firm, released its second-quarter 2026 investment letter. The letter can be downloaded here. In the second quarter, the portfolio gained 6.9%, compared to the S&P 500's 15.2%. Overall, approximately 34% of the portfolio is in Asia, 43% in North America, and the rest spread across other regions. Hayden Capital remains guided by a strategy focused on high-quality franchises with stable earnings power, continuing to invest despite this year's challenging results. Their largest investments are experiencing over 40% revenue growth yet are trading at similar valuations to the broader market, indicating potential for future outperformance. The recent market corrections in AI investments have prompted a healthier perspective among investors, emphasizing the importance of strong business fundamentals. Companies are leaning towards partnerships with AI firms rather than outright replacements, ensuring better access to data and operational efficiency. Six months into the "SaaS-pocalypse," software incumbents remain resilient despite initial fears of disruption. While AI is indeed transformative, the anticipated rapid changes in markets have not materialized as quickly as expected. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Hayden Capital highlighted MercadoLibre, Inc. (NASDAQ:MELI). MercadoLibre, Inc. (NASDAQ:MELI) operates online commerce platforms in Brazil, Mexico, Argentina, and internationally. On August 27, 2026, MercadoLibre, Inc. (NASDAQ:MELI) closed at $1,930.75 per share. Over the past month, MercadoLibre, Inc. (NASDAQ:MELI) returned 2.81%, while its shares have declined 21.92% in the last 52 weeks. MercadoLibre, Inc. (NASDAQ:MELI) has a market capitalization of $97.88 billion, and its stock has traded within a 52-week range of $1,495.00 to $2,548.50.
Hayden Capital stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q2 2026 investor letter:
"Another situation I'm following closely is MercadoLibre, Inc.'s (NASDAQ:MELI) reinvestment program in Latin America. The company has been building out same and next-day shipping, and offering free shipping on low-ticket items (those under R$19 in Brazil).
By my calculations, Mercado Libre has spent ~$2.2BN in ***** ulative reinvestment spend since mid-last year. The initiative is still early, but we're starting to see signs of it paying off. New buyers grew ~+18M over the last twelve months (+26% y/y), against a pre-investment run-rate of ~15% y/y.

#mercadolibre #second

Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment **** umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted MercadoLibre, Inc. (NASDAQ:MELI). MercadoLibre, Inc. (NASDAQ:MELI) operates online commerce platforms in Brazil, Mexico, Argentina, and internationally. On August 18, 2026, MercadoLibre, Inc. (NASDAQ:MELI) closed at $1,779.14 per share. One-month return of MercadoLibre, Inc. (NASDAQ:MELI) was -1.12% and its shares lost 23.84% over the past 52 weeks. MercadoLibre, Inc. (NASDAQ:MELI) has a market capitalization of $90.62 billion.
Eagle Capital Management stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q2 2026 investor letter:
"Operating massive consumer platforms that aggregate demand for sellers and advertisers, these companies have scale advantages, fast growth, and the ability to deploy Al to further press their leads.
Almost half of our capital is in MercadoLibre, Inc. (NASDAQ:MELI), the leading Latin American e-commerce and fintech company. Latin America's relatively low e-commerce penetration-we estimate it at the mid-teens compared with nearly 30% in the U.S .- offers a long runway for growth. In recent quarters, revenue grew more than 40%. We think the market is too focused on near-term earnings revisions and may be conflating elective investments with structural weakness. Much like Amazon in its early days, MercadoLibre is trading lower margins today for a larger business tomorrow; we're thrilled with this approach, which both builds value and has enabled Eagle to establish an attractively priced position.

#eagle #NASDAQ #Growth #investor

Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment ****** umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform. On August 18, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $259.45 per share, reflecting a market capitalization of $2.8 trillion. Amazon.com, Inc. (NASDAQ:AMZN) posted a one‑month return of 5.96%, while its shares gained 15.92% over the past 52 weeks.
Eagle Capital Management stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2026 investor letter:
"Amazon Web Services ("AWS"), Microsoft Azure, and Google Cloud Platform ("GCP") are highly profitable businesses with strong growth, margins, and returns on capital. We own positions in each. These businesses are growing faster and will be even bigger than we previously thought. However, there is little question that the industry structure they inhabit is worse than it was a few years ago.
Operating massive consumer platforms that aggregate demand for sellers and advertisers, Amazon.com, Inc. (NASDAQ:AMZN) has scale advantages, fast growth, and the ability to deploy AI to further press their leads. Amazon's retail business, Google Search and YouTube, and Meta are comparatively more mature, but they continue to grow at well above GDP rates with attractive margins. We believe AI is demonstrably helping Google Search and Meta's advertising business, both of which have accelerated as ad targeting and content capabilities have improved. Amazon and MercadoLibre should also benefit more than brick and mortar peers, which are unlikely to capture the same benefits from advertising, improvements in consumer search, or gains in wareh

Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment ***** umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted MercadoLibre, Inc. (NASDAQ:MELI). MercadoLibre, Inc. (NASDAQ:MELI) operates online commerce platforms in Brazil, Mexico, Argentina, and internationally. On August 18, 2026, MercadoLibre, Inc. (NASDAQ:MELI) closed at $1,779.14 per share. One-month return of MercadoLibre, Inc. (NASDAQ:MELI) was -1.12% and its shares lost 23.84% over the past 52 weeks. MercadoLibre, Inc. (NASDAQ:MELI) has a market capitalization of $90.62 billion.
Eagle Capital Management stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q2 2026 investor letter:
"Operating massive consumer platforms that aggregate demand for sellers and advertisers, these companies have scale advantages, fast growth, and the ability to deploy Al to further press their leads.
Almost half of our capital is in MercadoLibre, Inc. (NASDAQ:MELI), the leading Latin American e-commerce and fintech company. Latin America's relatively low e-commerce penetration-we estimate it at the mid-teens compared with nearly 30% in the U.S .- offers a long runway for growth. In recent quarters, revenue grew more than 40%. We think the market is too focused on near-term earnings revisions and may be conflating elective investments with structural weakness. Much like Amazon in its early days, MercadoLibre is trading lower margins today for a larger business tomorrow; we're thrilled with this approach, which both builds value and has enabled Eagle to establish an attractively priced position.

#mercadolibre #eagle #NASDAQ #management

Eagle Capital Management, an investment management company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. In the quarter, Eagle Capital Management discussed how enthusiasm around AI capital spending has driven strong S&P 500 earnings growth while also increasing risks from elevated valuations, concentrated demand, and aggressive investment ****** umptions. Eagle remains a strong believer in AI but prefers constructing a portfolio that can perform across multiple outcomes rather than relying on one forecast. The firm believes current earnings can overstate underlying economics because semiconductor equipment is depreciated over several years, while free cash flow growth remains much weaker. It also expects competition and additional capacity across AI labs, hyperscalers, and semiconductors to eventually create winners and losers. These dynamics are encouraging Eagle to recycle capital toward attractive opportunities outside the most crowded AI trades while maintaining selective exposure to high quality beneficiaries. The portfolio trades at a 20% market discount with faster expected EPS growth. Please review the Strategy's top five holdings for key selections.
In its second-quarter 2026 investor letter, Eagle Capital Management highlighted Amazon.com, Inc. (NASDAQ:AMZN). Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology and retail company known for its leading online marketplace and cloud platform. On August 18, 2026, Amazon.com, Inc. (NASDAQ:AMZN) closed at $259.45 per share, reflecting a market capitalization of $2.8 trillion. Amazon.com, Inc. (NASDAQ:AMZN) posted a one‑month return of 5.96%, while its shares gained 15.92% over the past 52 weeks.
Eagle Capital Management stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q2 2026 investor letter:
"Amazon Web Services ("AWS"), Microsoft Azure, and Google Cloud Platform ("GCP") are highly profitable businesses with strong growth, margins, and returns on capital. We own positions in each. These businesses are growing faster and will be even bigger than we previously thought. However, there is little question that the industry structure they inhabit is worse than it was a few years ago.
Operating massive consumer platforms that aggregate demand for sellers and advertisers, Amazon.com, Inc. (NASDAQ:AMZN) has scale advantages, fast growth, and the ability to deploy AI to further press their leads. Amazon's retail business, Google Search and YouTube, and Meta are comparatively more mature, but they continue to grow at well above GDP rates with attractive margins. We believe AI is demonstrably helping Google Search and Meta's advertising business, both of which have accelerated as ad targeting and content capabilities have improved. Amazon and MercadoLibre should also benefit more than brick and mortar peers, which are unlikely to capture the same benefits from advertising, improvements in consumer search, or gains in wareh

MercadoLibre (NASDAQ:MELI) just crossed $10 billion in quarterly revenue for the first time, yet the stock sits roughly 30% below its high. That gap between a record top line and a beaten-down share price is the whole story here. On the call covering the quarter ended June 30, held August 5, management laid out exactly why it is choosing growth over profit right now, and investors are still deciding whether to believe them.
Net revenue grew 50% year-over-year in the second quarter, powered by a 44% jump in gross merchandise volume and a 56% rise in total payment volume. The more interesting number sits underneath that headline. A year after MercadoLibre lowered its free shipping threshold in Brazil, items per buyer there climbed 19% year-over-year and conversion rose 1.1 percentage points, even as the company kept adding new buyers who typically spend less at first.
Management framed this as proof that existing shoppers are engaging more deeply, not just a bigger crowd showing up. That matters most for what the company calls ecosystemic users, people who use both the marketplace and Mercado Pago. Those users generated 70% more GMV and 55% more items sold per user than marketplace-only shoppers, and contribution profit per ecosystemic user runs multiples above a marketplace or fintech user alone. The credit book backs this up. It reached $16.4 billion, up 75% year-over-year, while delinquency rates sat near historical lows and net interest margin after losses improved from 18% to 21% between the first and second quarters.
That growth came at a real cost. Operating income fell from $825 million to $683 million, and operating margin narrowed from 12.2% to 6.7%, a 550 basis point drop from a year earlier. Management did not suggest relief is coming soon, calling the trade-off a deliberate choice to keep prioritizing long-term engagement and scale over near-term profitability. Net income for the first half of 2026 fell 13% year-over-year to $883 million even as revenue climbed 50% to $19 billion, a gap that shows growth and profit are currently moving in opposite directions.
Competitors including Amazon have pushed MercadoLibre to compete harder on price, and the company's expansion into consumer lending has meant absorbing more loan losses along the way. The quarter also demanded serious capital, with $441 million in capital expenditures and $2.1 billion funneled into growing the credit portfolio, leaving adjusted free cash flow at $214 million.

#mercadolibre #billion #quarter

Michael Burry's latest stock moves are out and Wall Street is paying attention. According to media reports, Burry has piled into (NASDAQ:LULU) and MercadoLibre (NASDAQ:MELI).
Lululemon: Down 40% This Year
Lululemon (NASDAQ:LULU) sells yoga wear, running clothes, and athleisure. The stock has lost more than 40% year to date. Fiscal Q1 revenue was up just 4%. North America stayed soft. Gross margin dropped 410 basis points, while operating margin fell to 11.2% from 18.5% a year ago. Management also cut revenue guidance.
But bulls say market is ignoring the positives. China revenue grew 23% year over year in constant currency in Q1. International revenue overall grew 16%. Lululemon carries no debt and sits on $1.51 billion in cash.
The stock trades at just 10.5x forward earnings. That's a multi-year low. The 5-year average sits closer to 29x. Burry reportedly thinks Lululemon is a value opportunity. A new CEO takes over next month. Heidi O'Neill is joining from Nike.

#year #lulu

MercadoLibre (NASDAQ: MELI) stock has fallen by 31% from its previous peak as Wall Street focuses on near-term margin pressure and intensifying competition. Yet the business continues to expand rapidly in Latin America's e-commerce market, potentially setting the stage for market-beating returns in the next five years.
Its lower margins are not a result of competition, but rather of its higher near-term spending on infrastructure to support growth. This makes the stock a compelling buy for patient investors.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Similar to Amazon in the U.S., MercadoLibre has a structural advantage in Latin America's e-commerce market. It continues to invest in logistics infrastructure to build the most efficient delivery network in one of the world's fastest-growing e-commerce markets.
The growth it continues to report shows a huge opportunity ahead. The number of unique active buyers grew 26% year over year in the first quarter. Gross merchandise volume increased by 36%, with the number of items sold rising by 47%. It does face increasing competition from Asian e-commerce companies like Temu and Shopee, but these numbers show that MercadoLibre's investments to expand free shipping offers and other services are protecting its competitive position.

#Competition #continues #mercadolibre #Stock

City Different Investments, an investment management firm, released Q2 2026 investor update for its global equity strategies. A copy of the letter can be downloaded here. City Different global equity strategies delivered strong results in the second quarter, but trailed the global market driven by AI enthusiasm. Its Focused Global returned +7.08%, and Global Equity returned +5.36% during the quarter. This compared to the MSCI All Country World Index return of +14.93%. YTD, the strategies returned +11.28% and +5.29%, vs +11.25% for the index. The global strategies involve focused portfolios of long-only equities selected on a global basis, aimed at long-term investment potential. The firm remains optimistic about these portfolios, which are constructed based on long-term fundamental ******* sments. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, City Different Investments highlighted MercadoLibre, Inc. (NASDAQ:MELI). MercadoLibre, Inc. (NASDAQ:MELI) is a leading online commerce platform in Latin America that operates Mercado Libre Marketplace and Mercado Pago FinTech platforms. On July 21, 2026, MercadoLibre, Inc. (NASDAQ:MELI) closed at $1,822.65 per share. One-month return of MercadoLibre, Inc. (NASDAQ:MELI) was 8.47%, and its shares lost 24.82% over the past 52 weeks. MercadoLibre, Inc. (NASDAQ:MELI) has a market capitalization of $92.4 billion.
City Different Investments stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q2 2026 investor update:
"MercadoLibre, Inc. (NASDAQ:MELI), the leading e-commerce and fintech company in Latin America, also declined. Investors fret over its heavy investment spending and potential disruption from AI, but the business marches on. You can read our ******* sment of this "MercadoLibre Paradox" in our recent blog post."
MercadoLibre, Inc. (NASDAQ:MELI) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 102 hedge fund portfolios held MercadoLibre, Inc. (NASDAQ:MELI) at the end of the first quarter, compared to 113 in the previous quarter. While we acknowledge the potential of MercadoLibre, Inc. (NASDAQ:MELI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#NASDAQ #meli #investment

MercadoLibre (NASDAQ: MELI) has prospered by transforming e-commerce, fintech, and logistics within Latin America. Investors have bid its stock price dramatically higher since its 2007 debut, as the company brought online shopping, digital financial transactions, and improved logistics to the region.
Nonetheless, the market has punished MercadoLibre stock over the past year, and it now trades at a 30% discount to its 52-week high. Investors appeared to sour on the stock because its profit growth was not matching its robust revenue increases. While getting the earnings trajectory back on track will be a challenge, if it can increase its profit growth rate over the next five years, the stock price will likely soar.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Two issues have weighed on MercadoLibre's bottom line: rising e-commerce competition and an alarming increase in non-performing loans.
E-commerce giants like Amazon and Sea Limited, as well as numerous smaller enterprises, have attempted to chip away at the company's regional dominance. MercadoLibre responded by lowering its threshold for free shipping and making other moves that squeezed its margins.

#NVIDIA #flashing #Logistics #price

City Different Investments, an investment management firm, released Q2 2026 investor update for its global equity strategies. A copy of the letter can be downloaded here. City Different global equity strategies delivered strong results in the second quarter, but trailed the global market driven by AI enthusiasm. Its Focused Global returned +7.08%, and Global Equity returned +5.36% during the quarter. This compared to the MSCI All Country World Index return of +14.93%. YTD, the strategies returned +11.28% and +5.29%, vs +11.25% for the index. The global strategies involve focused portfolios of long-only equities selected on a global basis, aimed at long-term investment potential. The firm remains optimistic about these portfolios, which are constructed based on long-term fundamental ***** sments. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, City Different Investments highlighted MercadoLibre, Inc. (NASDAQ:MELI). MercadoLibre, Inc. (NASDAQ:MELI) is a leading online commerce platform in Latin America that operates Mercado Libre Marketplace and Mercado Pago FinTech platforms. On July 21, 2026, MercadoLibre, Inc. (NASDAQ:MELI) closed at $1,822.65 per share. One-month return of MercadoLibre, Inc. (NASDAQ:MELI) was 8.47%, and its shares lost 24.82% over the past 52 weeks. MercadoLibre, Inc. (NASDAQ:MELI) has a market capitalization of $92.4 billion.
City Different Investments stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q2 2026 investor update:
"MercadoLibre, Inc. (NASDAQ:MELI), the leading e-commerce and fintech company in Latin America, also declined. Investors fret over its heavy investment spending and potential disruption from AI, but the business marches on. You can read our ***** sment of this "MercadoLibre Paradox" in our recent blog post."
MercadoLibre, Inc. (NASDAQ:MELI) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 102 hedge fund portfolios held MercadoLibre, Inc. (NASDAQ:MELI) at the end of the first quarter, compared to 113 in the previous quarter. While we acknowledge the potential of MercadoLibre, Inc. (NASDAQ:MELI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#mercadolibre #meli

After MercadoLibre (NASDAQ: MELI) delivered another year of more than 30% revenue growth in 2025, you might have expected the stock to surge. Instead, the stock went the other way.
Why? Because the narrative surrounding MercadoLibre has changed. A few years ago, investors were asking how big the company could become. Today, they're asking whether it can sustain its growth while protecting profitability.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That shift in sentiment has weighed on MercadoLibre stock. But it also raises an important question: Has the market become too pessimistic about one of Latin America's highest-quality technology companies?
MercadoLibre's business isn't slowing down. In fact, in the first quarter, revenue grew 49% year over year. What has changed is that its economics have simply become more complicated.

MercadoLibre Inc. (NASDAQ:MELI) ranks among the best fintech stocks to buy as digital payments volume surges. On June 9, Bank of America Securities reaffirmed its Buy rating on MercadoLibre Inc. (NASDAQ:MELI), citing significant long-term returns from the company's credit card operations, despite near-term margin pressures due to active spending across several business lines.
During the first quarter of 2026, the LATAM e-commerce giant more than doubled its credit card portfolio year-over-year, hitting $6.6 billion, or around 45% of MercadoLibre's whole loan book. Meanwhile, credit card monthly active users increased by 68%, surpassing the 29% growth in Mercado Pago's overall monthly active users.
According to BofA ***** yst Robert E. Ford Aguilar, MercadoLibre Inc. (NASDAQ:MELI) only had 3.4% of industry credit card balances in Brazil and 2.5% in Mexico as of March 2026, despite the company's quick growth. Based on the ***** yst's estimate, the credit card segment would approach breakeven in 2028 after reporting an EBIT loss of $443 million in 2026, which would represent a 1.1 percentage-point drag on consolidated margin.
MercadoLibre Inc. (NASDAQ:MELI) is an internet retail company that primarily operates Mercado Libre Marketplace, an online commerce platform, and Mercado Pago, a fintech platform.
While we acknowledge the potential of MELI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

MercadoLibre, Inc. (NASDAQ:MELI) is one of the best e-commerce stocks to buy as global sales hit records. The company remains one of the clearest ways to invest in Latin America's digital commerce growth, and its latest expansion plan shows that it is still putting serious capital behind logistics, technology, and payments. On June 8, Mercado Libre announced that it would invest $4.6 billion in Mexico during 2026, up 35% from the prior year. The investment is focused on logistics, technology development, and financial services, and includes plans to create 8,500 new jobs, taking its Mexico workforce to more than 42,000 employees.
The Mexico push matters because MercadoLibre's broader marketplace and payments engine continue to scale. In the first quarter of 2026, net revenue and financial income rose 49% year-over-year to $8.8 billion, the company's fastest growth pace in almost four years. Gross merchandise volume increased 42% to $19.0 billion, total payment volume rose 50% to $87.2 billion, and the company recorded 722 million items sold. Brazil also showed the impact of logistics and free-shipping investments, with items sold up 56% year-over-year and unique buyer growth accelerating to 32%.
Goran Bogicevic/Shutterstock.com
MercadoLibre, Inc. (NASDAQ:MELI) operates Latin America's largest online commerce ecosystem and one of the region's leading fintech platforms.
While we acknowledge the potential of MELI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Bell Global Equities Fund, managed by Bell ******* et Management, released its latest investor update, available for download. March saw heightened volatility due to the Middle East conflict, with the MSCI World ex Australia Index falling 2.5% and the Bell Global Equities Fund (Wholesale class) declining 3.1%. The portfolio's underweight in Energy was the primary headwind to relative performance, compounded by poor stock selection in Communication Services, Health, and Energy. A tentative ceasefire in early April has helped stabilize sentiment and reverse some March declines. Future market trends depend on the ceasefire's durability and how ongoing energy supply disruptions affect inflation and growth through 2026. In addition, the ongoing AI disruption narrative is significantly influencing market behavior, causing indiscriminate selling across various sectors. The recent weakness appears to be sentiment-driven rather than fundamental deterioration, thus creating opportunities. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Bell Global Equities Fund highlighted MercadoLibre, Inc. (NASDAQ:MELI). MercadoLibre, Inc. (NASDAQ:MELI) is a leading online commerce platform in Latin America that operates Mercado Libre Marketplace and Mercado Pago FinTech platforms. On June 5, 2026, MercadoLibre, Inc. (NASDAQ:MELI) closed at $1,607.80 per share. One-month return of MercadoLibre, Inc. (NASDAQ:MELI) was -3.58%, and its shares lost 34.13% over the past 52 weeks. MercadoLibre, Inc. (NASDAQ:MELI) has a market capitalization of $81.51 billion.
Bell Global Equities Fund stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q1 2026 investor letter:
"A holding was also established in MercadoLibre, Inc. (NASDAQ:MELI), the "Amazon of Latin America". MercadoLibre is a vast enterprise, shipping over US$85bn (3bn items) worth of goods each year to over 120 million customers. Both volumes and revenues have increased tenfold over the past six years, while the income statement and cash flow inflected into sustained profitability. We have long admired this company and its excellent founder-led management team, but the shares only occasionally provide an opportune window to enter a position. We had watched its success attract renewed competition last year and anticipated margins to come under pressure. With margin forecasts now reset to appropriate levels, we used the recent share price weakness to begin a position in a company where we forecast earnings will more than triple in the five years ahead."

Bell Global Equities Fund, managed by Bell **** et Management, released its latest investor update, available for download. March saw heightened volatility due to the Middle East conflict, with the MSCI World ex Australia Index falling 2.5% and the Bell Global Equities Fund (Wholesale class) declining 3.1%. The portfolio's underweight in Energy was the primary headwind to relative performance, compounded by poor stock selection in Communication Services, Health, and Energy. A tentative ceasefire in early April has helped stabilize sentiment and reverse some March declines. Future market trends depend on the ceasefire's durability and how ongoing energy supply disruptions affect inflation and growth through 2026. In addition, the ongoing AI disruption narrative is significantly influencing market behavior, causing indiscriminate selling across various sectors. The recent weakness appears to be sentiment-driven rather than fundamental deterioration, thus creating opportunities. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Bell Global Equities Fund highlighted MercadoLibre, Inc. (NASDAQ:MELI). MercadoLibre, Inc. (NASDAQ:MELI) is a leading online commerce platform in Latin America that operates Mercado Libre Marketplace and Mercado Pago FinTech platforms. On June 5, 2026, MercadoLibre, Inc. (NASDAQ:MELI) closed at $1,607.80 per share. One-month return of MercadoLibre, Inc. (NASDAQ:MELI) was -3.58%, and its shares lost 34.13% over the past 52 weeks. MercadoLibre, Inc. (NASDAQ:MELI) has a market capitalization of $81.51 billion.
Bell Global Equities Fund stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q1 2026 investor letter:
"A holding was also established in MercadoLibre, Inc. (NASDAQ:MELI), the “Amazon of Latin America”. MercadoLibre is a vast enterprise, shipping over US$85bn (3bn items) worth of goods each year to over 120 million customers. Both volumes and revenues have increased tenfold over the past six years, while the income statement and cash flow inflected into sustained profitability. We have long admired this company and its excellent founder-led management team, but the shares only occasionally provide an opportune window to enter a position. We had watched its success attract renewed competition last year and anticipated margins to come under pressure. With margin forecasts now reset to appropriate levels, we used the recent share price weakness to begin a position in a company where we forecast earnings will more than triple in the five years ahead."