MercadoLibre (MELI) Gains Momentum, Zacks Rank #2 Ahead of Earnings
MercadoLibre (MELI) rose 1.02% to $1,819.74, up 7.54% monthly. Zacks Rank #2 (Buy) with strong revenue growth expected (+43.9%) but declining EPS. Trades at premium valuation vs industry peers.