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Prediction: Buying MercadoLibre Stock Today Will Set You Up for Life
The S&P 500 is making a slow rebound from its tariff-induced plunge a few weeks ago, and it's now down 6% year to date.Although investors use the index as a proxy for how the overall market is doing, it's important to keep in mind that the S&P 500 is a weighted-average index whose largest components account for a large portion of its performance. That means the market's largest U.S. companies, like Apple, Microsoft, and Nvidia, will have an outsized impact on the whole.Any company that could be negatively affected by the new tariff program has been getting hit in its stock price. MercadoLibre (NASDAQ: MELI), which isn't a U.S. company, is looking more attractive than ever, and it's up 30% this year. Here's why it could set you up for life.Continue reading
The S&P 500 is making a slow rebound from its tariff-induced plunge a few weeks ago, and it's now down 6% year to date.
Although investors use the index as a proxy for how the overall market is doing, it's important to keep in mind that the S&P 500 is a weighted-average index whose largest components account for a large portion of its performance. That means the market's largest U.S. companies, like Apple, Microsoft, and Nvidia, will have an outsized impact on the whole.
Any company that could be negatively affected by the new tariff program has been getting hit in its stock price. MercadoLibre (NASDAQ: MELI), which isn't a U.S. company, is looking more attractive than ever, and it's up 30% this year. Here's why it could set you up for life.
