MercadoLibre, the star of Wall Street: rises more than Apple, Google and Amazon

MercadoLibre (MELI) stock is having a fantastic year, with significant short and medium term returns. Its paper price increases are all-time higher than major tech companies, and it is on the podium for performance of the 100 companies in the industry in the United States.

Marcos Galperin-led firm can boast of beating U.S. tech giants like Apple, Microsoft, Google, Amazon and Facebook. The returns of MercadoLibre stocks are higher than the increases that are evident in the US “5 big tech”.

Not only that, but also, their newspapers are on the podium of the 3 stocks that have risen the most in the last month and over the last 3 months, within the Nasdaq100 index, with the most important technology in the United States. . So far this year, MercadoLibre is also among the 6 stocks that gain the most in the technology index.

Over the past month, its papers have risen 28.2%, implying that it is the third most advanced stock on the Nasdaq100, an index that includes the 100 most important companies in the technology sector. The stock that rose the most last month was Moderna with a gain of 65% and Tesla, which gained 55%. Below MercadoLibre are Bidu (27.8%), MicronTechnology (26.3%) and Alexion Pharm (23%), among others.

If you compare MercadoLibre with the “Big 5 Techs” from last month, the difference is huge.

Apple shares gained 7.2% and Amazon 1.1%. In this way, MercadoLibre grows almost 4 times more than Apple and 25 times more than Amazon last month. The rest of the top 5 tech companies such as Facebook, Google or Microsoft recorded losses of 0.5%, 0.6% and 1.1% respectively.

Expand the calendar and analyze the last three months, MercadoLibre returns to the center of the stage. Galperín’s company is the third highest rising share on the Nasdaq100, gaining 62%.

The best performing company is Moderna (120%), followed by Pinduoduo, which has gained 71.8% in the last three months. Below MELI are Lam Research (60%), Applied Materials (54.6%) and Align Technology (54%), among others.

Taking stock of the last three months and comparing MELI with the rest of the “Big 5”, we see that once again the leading company in Argentina has once again beaten the US giants.

Google shares have advanced 14.7% in the past 3 months, followed by Apple which gains 10.7%, Microsoft (2.5%), Facbook (1.1%) and Amazon (0.28% ).

In other words, MELI shares have grown almost 4.5 times higher than Google, nearly 6 times higher than Apple, and an average of 48 times higher than Amazon, Facebook and Microsoft in the past three. month.

MercadoLibre also beats the tech stocks average over the past three months. The Nasdaq100 rose 10% during the quarter.

Finally, let’s jump to the balance of 2020, MercadoLibre is one of the most profitable companies in the world of technology. MELI is the sixth highest rising share on the Nasdaq 100, gaining 191.8% so far in 2020.

The company that grows the most is Tesla, which adds 656.9%, followed by Moderna (652%), Zoom (487%), Pinduoduo (275%) and Docusign (215%). Under MELI are giants like NVidia, AMD and PayPal, which are growing less than the Argentine stock.

Finally, by comparing MELI with the sector and the “5 big techs” in 2020, it is possible to take the dimension of the fantastic year experienced by the Galperin company. ANDWe know that the tech sector is having a very good year, with an average profit of its 100 most important stocks in the order of 44%.

Shares of Apple and Amazon beat the index, rising 74% and 71% respectively. Under the index are Microsoft, Facebook and Google, which respectively gain 36%, 34% and 31%.

With a gain of 191.8% in 2020, MELI gains more than 4 times what the Nasdaq 100. In addition, MELI beats the “5 big tech” by a landslide.

The shares of MercadoLibre are about 2.5 times those of Apple and Amazon. Finally, MELI earns almost 6 times what Google, Facebook and Microsoft earned on average in 2020.

Relative size

MercadoLibre’s market cap is at par with the rise in stocks. The company is worth $ 83 billion. He thus added $ 61,000 million in market capitalization.

In other words, MercadoLibre has earned 1.5 times the total BCRA current reserves. Otherwise, the current value of MercadoLibre is almost double the total gross reserves.

Finally, by comparing the market capitalization of Mercadolibre to the size of the local market, it is possible to appreciate the huge difference that exists between MELI and the rest of the local stocks.

According to data from Economática, theThe local market capitalization, with data calculated as of October, is US $ 18,590 million. This is the lowest level of market capitalization in 10 years.

“Crisis and devaluations by, today the market capitalization is at US $ 18,591 million, which is equivalent to only 30.53% of the value of 2010 and 16.62% of just 3 years ago in 2017, “Economática analysts explained in their report.

While the market capitalization of MercadoLibre has been steadily increasing, local stocks have not stopped falling. In this way, MercadoLibre represents almost 4 and a half times the total of Argentina’s shares combined.