Mercado Libre Hits Milestone as Investors Reap Rewards
Mercado Libre, often referred to as the Amazon of Latin America, has reached a significant milestone. The company's stock price has hit an important target for investors, sparking celebrations among shareholders.
The Motley Fool Stock Advisor analyst team identified Mercado Libre as one of its top recommendations in the past, but only after it had already passed up several earlier opportunities to invest. In 2004, Netflix was on the list, and an investment of $1,000 at that time would be worth $440,710 today. Nvidia also made the cut in 2005, with a $1,000 investment growing to $1,335,252.
The Motley Fool team notes that their average return is 978%, significantly outperforming the S&P 500's 213%. To see the current top recommendations and join an investing community of individual investors for individual investors, visit The Motley Fool website.