MercadoLibre is Amazon with a bank and it's cheapest in years
About this episode
Simon Brown discusses the mispricing of MercadoLibre and its fintech potential amidst various economic updates.
MercadoLibre is down 40% for the year, and Simon Brown argues the market is mispricing it as a retailer while ignoring the fintech engine — Mercado Pago — that is becoming Latin America's biggest digital bank. Total payment volume now exceeds gross merchandise volume, even as management deliberately halves operating margins to grab market share. This week also marks the death of former Fed chair Alan Greenspan at 100, a look at SpaceX's volatile listing that still sits above its IPO price, South African inflation cooling to 4.5% with petrol relief on the way, the first FOMC meeting with Jerome Powell no longer chair, and why Brent crude has fallen back to pre-conflict levels despite a major supply scare. Topics: MercadoLibre, MELI, Amazon, SpaceX, Alan Greenspan, FOMC, SA inflation, Brent oil, offshore income. WorldWideMarkets is part of JustOneLap.com.
People in this episode
Host: Simon Brown
Topics covered
- MercadoLibre
- fintech
- inflation
- SpaceX
- Brent crude
- FOMC
Keywords
- MercadoLibre
- fintech
- Alan Greenspan
- SpaceX
- South African inflation
- Brent crude
- FOMC
Mentioned in this episode
Organizations: MercadoLibre, Mercado Pago, SpaceX, FOMC
Places: South Africa, Latin America
More episodes of WorldWide Markets with Simon Brown
- Finding an edge in prediction markets | Netflix, market hate is an opportunity?
- Purple Group goes all-in on AI | US 10-year at 4.63% is a crisis
- Defence Stocks and the Replacement Trade | Why Lockheed Martin Wins
- Europe's Biggest Tech IPO: Bending Spoons
- Peace in Our Time | Are We Just Going Back to February?
- Stocks for your Soccer World Cup
Explore listener stats, chart rankings, contacts and more on the WorldWide Markets with Simon Brown podcast page.