MercadoLibre Down 23% After Missed Earnings: Time to Buy the Dip?
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MercadoLibre's stock dropped 23% after missing Q3 2024 earnings expectations, raising concerns about its future. However, some investors, including Cathie Wood, see this as a buying opportunity for long-term growth in Latin America.
November 17, 2024 | 1:15 pm
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MercadoLibre's stock fell 23% after missing Q3 2024 earnings expectations, but some investors, like Cathie Wood, view this as a buying opportunity for long-term growth in Latin America.
The 23% drop in MercadoLibre's stock price is a direct result of missing Q3 earnings expectations, which is a significant negative impact. However, the interest from Cathie Wood and potential for long-term growth in Latin America could mitigate the negative sentiment, suggesting a possible rebound.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100