2 AI Stocks to Buy as Nasdaq Faces a Correction (Again!) [Yahoo! Finance Canada]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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US:NASDAQ Investor Relations:
investor.mercadolibre.com/investor-relations
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Source: Yahoo! Finance Canada
Earlier this week, the tech-heavy Nasdaq Composite Index re-entered correction territory, which meant it was trading 10% below record levels. While investors are worried about the possibility of an economic recession, the ongoing volatility provides you an opportunity to buy quality companies as part of the artificial intelligence (AI) megatrend. Here are two AI stocks you can buy today and benefit from outsized gains when market sentiment improves. Broadcom stock Valued at $739 billion by market cap Broadcom NASDAQ:AVGO ) is among the largest companies in the world. However, the stock is down 13.5% from all-time highs as Wall Street was unimpressed with its recent quarterly results. In fiscal Q3 of 2024 (ended in July), Broadcom
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MELI
News
- MercadoLibre, Inc. (NASDAQ: MELI) was upgraded by analysts at Raymond James from an "outperform" rating to a "strong-buy" rating. They now have a $2,250.00 price target on the stock.MarketBeat
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- MercadoLibre (MELI) Stock Drops Despite Market Gains: Important Facts to Note [Yahoo! Finance]Yahoo! Finance
- MercadoLibre, Inc. (NASDAQ: MELI) had its price target lowered by analysts at JPMorgan Chase & Co. from $2,150.00 to $1,950.00. They now have a "neutral" rating on the stock.MarketBeat
- Amazon, MercadoLibre to benefit from Mexico import tariffs, Itau BBA says [Yahoo! Finance Canada]Yahoo! Finance Canada
MELI
Earnings
- 11/6/24 - Miss
MELI
Sec Filings
- 12/2/24 - Form 4
- 11/27/24 - Form 144
- 11/7/24 - Form 10-Q
- MELI's page on the SEC website