Latin American e-commerce giant MercadoLibre's financial technology arm Mercado Pago announced on Wednesday that it has started making a so-called stablecoin priced in U.S. dollars at a one-to-one value available to its clients in Brazil.
Stanley Druckenmiller, a renowned investor with a stellar track record, has made headlines with his family office, Duquesne, selling its position in NVIDIA NASDAQ: NVDA after accurately predicting the AI boom and NVDA's subsequent surge. Druckenmiller first invested in NVIDIA in the fourth quarter of 2022, showcasing his keen market insight.
MercadoLibre is showing robust growth momentum across key metrics, while the stock appears significantly undervalued. Multiple strong growth drivers serve as a major catalyst, suggesting the company can sustain its impressive growth momentum over the long term. Valuation analysis suggests the stock is attractively valued, with a fair value of $185 billion, 85% higher than the current market cap.
This footwear newbie is growing faster than Nike and Lululemon, and it's just getting started. Investors can cash in on the explosive growth happening in Latin America's online retail market with this phenomenal growth stock.
Cathie Wood invests in disruptive tech stocks. Roku stock is down, even though it's reporting double-digit sales increases and has strong growth drivers.
On the morning of August 5, the unwinding of the Yen carry trade accelerated, leading to a spike in the expected volatility index. Investors were selling and asking questions later.
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