The analyst considers re-entering a long position in MELI by the end of the year due to consistent quarterly beats and raises.
MELI has consistently delivered quarter-over-quarter beats and raises for years, despite current selling pressure in the SaaS sector.
@TRA7van $MELI are getting dumped in the SaaS bucket rn I think. Hard to deny the QoQ beat & raises they've been putting out for years now. I might get back in at some point end of this yr
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -3.8% | -2.6% |
| 1 week | +4.4% | +5.1% |
| 1 month | +2.4% | +1.5% |
| 3 months | — | — |
| 6 months | — | — |