|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's Range||629.98 - 650.90|
|52 Week Range||257.52 - 672.55|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Consensus estimates for PayPal earnings appear low heading into its second-quarter report due to a big gain on equity investments.
MercadoLibre Inc, Latin America's top e-commerce platform, is taking its latest step into the world of banking, saying on Wednesday that it would start allowing Mexican users of its e-wallet to earn interest on money saved in its app by year-end. The move, which builds on an existing interest-bearing account available in MercadoLibre's home market of Argentina, is the latest in a string of fintech efforts targeting people without bank accounts in Mexico and elsewhere. MercadoLibre has been pushing into financial services in several markets, including Brazil, where the company has said it plans to offer loans, financial transfers and other services starting this year.
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PayPal Holdings Inc. disclosed Tuesday that its next earnings report will get a big boost from strategic investments, after the payments company invested in Latin American e-commerce company MercadoLibre Inc. PayPal said in a filing with the Securities and Exchange Commission that its strategic investments would add $218 million, or 14 cents a share, to its standard second-quarter earnings, which are expected to be announced this month. PayPal invested $750 million in MercadoLibre earlier this year, and claimed an additional 8 cents a share in the first quarter, but projected just a penny a share from strategic investments in the second quarter. MercadoLibre shares have been hot, though, rising 26.8% in the past three months and 118.7% so far this year. Analysts on average currently expect PayPal to report adjusted earnings of 69 cents a share, according to FactSet, after PayPal projected 68 cents to 70 cents a share.
MercadoLibre, Ichor, Deutsche Bank, Citigroup and JPMorgan highlighted as Zacks Bull and Bear of the Day
MercadoLibre Inc NASDAQ/NGS:MELIView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for MELI with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding MELI are favorable, with net inflows of $2.50 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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PayPal (PYPL) invested $500 million in the purchase of a stake in Uber (UBER) just before the company went public in May. At a recent Bloomberg conference in London, PayPal CEO Dan Schulman said that the company was open to making more strategic investments like it did in Uber.
MercadoLibre (MELI) is seeing positive earnings estimate revisions suggesting that it could be a solid choice for investors.
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Latin America's leading online marketplace and China's top dog in streaming video both grew revenue at roughly 45% in their latest quarters, but that's about the only thing that these two passing ships have in common these days.
Jul.10 -- Marcos Galperin, MercadoLibre Inc. chairman and chief executive officer, discusses the growth of e-payments in Latin America with Bloomberg's Paul Sweeney at the Allen & Co. Sun Valley Conference on "Bloomberg Markets: The Close."