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☆ Meta's WhatsApp rolls out business payment tool in Brazil
▼ + stars: | 2023-04-11 | by ( Andre Romani | ) www.reuters.com time to read: +2 min

SAO PAULO, April 11 (Reuters) - Meta Platforms (META.O) on Tuesday began rolling out its payments tool to small and medium-sized firms through its WhatsApp messaging platform in Brazil, part of Meta's strategy to use the Brazilian market as a key test space for business messaging. The development of business messaging has become all the more urgent as Meta's core advertising business has stalled. The tool will initially be available for some merchants that use WhatsApp Business. While Brazil is the first country to have the service launched for small businesses using the free version of WhatsApp Business, in India, WhatsApp's largest market, users can make payments to businesses that use the application's paid API. WhatsApp users in Brazil have been able to make payments between users through the app since 2021, and last year, Meta launched a commercial directory for WhatsApp in Brazil, allowing users find companies with business messaging accounts.

☆ Morgan Stanley says this Latin American e-commerce and payments company is a top pick that could surge nearly 40%
▼ + stars: | 2023-03-31 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Investors should consider buying shares of MercadoLibre , according to Morgan Stanley. Analyst Andrew Ruben reiterated an overweight rating on MercadoLibre and named it a top pick, saying the Latin American e-commerce and payments company has "multiple sources for earnings upside." "With new EBIT-level builds for eight MELI business lines, we see a durable base of profitable growth drivers," Ruben wrote Thursday. MELI 1D mountain MercadoLibre shares 1-day The analyst's $1,770 price target implies roughly 40% upside from Thursday's closing price of $1,266.80. MercadoLibre shares are 49% higher in 2023, though that follows two dismal years.

☆ Stocks making the biggest moves midday: Bed Bath & Beyond, Digital World Acquisition, Nikola and more
▼ + stars: | 2023-03-31 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

An exterior view of a Bed Bath & Beyond store on February 7, 2023 in Clifton, New Jersey. Digital World Acquisition — Shares of the SPAC linked to former President Donald Trump advanced 6.3%. Nikola — Nikola shares sank 11% after the electric-truck maker announced plans for a $100 million secondary stock offering priced 20% below Thursday's close. Regional banks — Shares of closely followed regional bank stocks advanced, with the SPDR S&P Regional Banking ETF (KRE) up 0.8%. elf Beauty — The cosmetic company's stock gained 5.2%, reaching a 52-week high.

☆ Here are Friday's biggest analyst calls: Boeing, Tesla, Disney, Generac, Wells Fargo, Alphabet & more
▼ + stars: | 2023-03-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

UBS reiterates Wells Fargo and Bank of America as buy UBS said it sees a re-rating for bank stocks such as Wells and Bank of America. Morgan Stanley names Mercadolibre a top pick Morgan Stanley said it sees multiple growth drivers for the LatAm e-commerce company. Deutsche Bank reiterates Charles Schwab as buy Deutsche said it's standing by its buy rating on shares of Charles Schwab. UBS reiterates Disney as buy UBS said it thinks Disney will take a 100% ownership stake in Hulu and integrate it with Disney+. Morgan Stanley reiterates elf Beauty as overweight Morgan Stanley said it sees a long-term growth opportunity for the beauty company.

☆ MercadoLibre to invest $3.6 billion in Brazil this year
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, March 16 (Reuters) - MercadoLibre Inc. (MELI.O) said on Thursday it expects to invest 19 billion reais ($3.60 billion) in Brazil in 2023, 11.5% more than the amount invested in the previous year. The South American e-commerce and financial services giant, which in 2018 had invested one billion reais in the country, has upped its bet in Brazil in recent years, especially after a surge in demand for online shopping caused by the COVID pandemic. The goal, he said, is to service more cities and increase deliveries made within one day - which currently represent about 50% of the total. MercadoLibre does not disclose how much will be invested in each area of the company. ($1 = 5.2710 reais)Reporting by Andre Romani; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ These are Morgan Stanley's favorite Latin American stocks
▼ + stars: | 2023-03-03 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Latin America stocks are off to a solid start this year, and Morgan Stanley sees some names in the region posting strong gains in the near term. Latin American stocks got a boost last year as commodity prices rose due to the global economic reopening and the Ukraine-Russia war breaking out. Brazilian bank Itau Unibanco made the list, with Morgan Stanley expecting a total return of 54% this year, including dividends. "We think Itaú's strategic foresight and operational capabilities represent a meaningful competitive advantage in the marketplace," Morgan Stanley said in the note. However, Morgan Stanley said Credicorp "remains a top-class banking franchise that could navigate the current challenging based on management's execution capabilities."

☆ Stocks making the biggest moves premarket: Beyond Meat, Sweetgreen, Adobe, Block and more
▼ + stars: | 2023-02-24 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The meat-alternative company reported a loss per share of $1.05, lower than the expected $1.18, according to Refinitiv. Sweetgreen — Shares of the salad chain shed about 10% after Sweetgreen issued weaker-than-expected revenue guidance for the first quarter and full year, according to Refinitiv. Fourth-quarter revenue also fell short. MercadoLibre — MercadoLibre jumped 5% after the South American e-commerce firm reported fourth-quarter earnings of $3.25 per share on revenue of $3 billion. EOG Resources — EOG Resources slid 3.6% after the energy company reported fourth-quarter earnings, excluding items, that were short of analysts' expectations, according to FactSet.

☆ Latam's MercadoLibre's net profit rises, fueled by fintech arm
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

Total Payment Volume (TPV) via Mercado Pago grew 79.5% in constant currency (45.3% in dollars) to reach $36.0 billion. In commerce, net revenues hit $1.7 billion, up 22.3% in dollar terms, in the period. The company also said the Gross merchandise volume (GMV) - a key metric in the e-commerce industry - was up 34.7% in constant currency (20.8% in dollars) to hit $9.6 billion. In the fourth-quarter last year, the company posted a net loss of $46.1 million. Reporting by Andre Romani; Writing by Carolina Pulice; Edited by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves after hours: Block, Carvana, Boeing and more
▼ + stars: | 2023-02-23 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Carvana generated revenue of $2.84 billion, lower than the anticipated $3.1 billion. Block — The mobile payment stock climbed 6.5% after Block reported better-than-expected revenue in its fourth-quarter results. The company posted revenue of $4.65 billion, beating Refinitiv consensus estimates for $4.61 billion. However, Block missed estimates, posting adjusted earnings of 22 cents per share compared to expectations for 30 cents per share. The media and entertainment conglomerate reported a loss of 86 cents per share on revenue of $11.01 billion.

☆ The Fed’s favorite inflation gauge will be the big market hurdle of next week
▼ + stars: | 2023-02-18 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Most important this week is Friday's core personal consumption expenditure (PCE) price index for January. In comparison, the consumer price index (CPI), released this past week, only tracks price changes over time. The market is expecting the core PCE price index to rise 0.4% monthly and 4.9% annually. In addition to the core PCE price index, we're going to be looking closely at the housing and utilities component. Lastly, the January producer price index came in hotter than expected, rising 0.7% from December versus expectations for 0.4% increase.

☆ Brazil antitrust agency to investigate MercadoLibre complaint against Apple
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +2 min

The decision to open the investigation into alleged anti-competitive practices by Apple was taken last week based on the complaint filed in December by MercadoLibre, CADE said in a statement. MercadoLibre argued that Apple had imposed a series of restrictions on the distribution of digital goods and in-app purchases. MercadoLibre filed its complaint in Brazil and also Mexico. CADE said antitrust cases against Apple are underway around the world, including in the European Union, Britain, South Korea, Japan, India and Indonesia. Nasdaq-listed MercadoLibre is one of Latin America's largest companies, with a market capitalization of $53.82 billion, according to Refinitiv data.

☆ MercadoLibre in talks with WhatsApp on business messaging payments -CFO
▼ + stars: | 2022-12-07 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +3 min

Facebook owner Meta said last month that it will launch a payments tool in Latin America's largest economy, allowing WhatsApp users to message and buy from a business directly in the chat. "We are in the test phase as one of the partners that processes payments in Brazil," Pedro Arnt told Reuters in an interview. The payments tool in Brazil would allow WhatsApp users to find a company's account through a directory service and make in-app transactions with credit or debit cards. "This could be an opportunity for us to leverage WhatsApp efficiently to generate more sales and better customer contacts," Arnt added. He did not say how advanced the test phase is nor indicate the potential revenue generation for its financial arm Mercado Pago.

☆ MercadoLibre files complaints against Apple for 'anti-competitive practices'
▼ + stars: | 2022-12-05 | by ( Andre Romani | ) www.reuters.com time to read: +3 min

SAO PAULO, Dec 5 (Reuters) - E-commerce giant MercadoLibre Inc (MELI.O) said on Monday it has filed complaints against Apple Inc (AAPL.O) with antitrust regulators in Brazil and Mexico for anti-competitive practices, accusing the U.S.-based firm of abusing what it called a monopoly in the distribution of apps for its devices. MercadoLibre said the complaints against Apple had been filed before Brazil's antitrust watchdog CADE and Mexico's Federal Telecommunications Institute and Federal Economic Competition Commission. Apple declined to comment in Brazil and did not immediately respond to a Reuters request for comment in the United States. Nasdaq-listed MercadoLibre is one of Latin America's largest companies, with a market capitalization of $47.53 billion, according to Refinitiv data. Cohen Imach said the e-commerce giant tried "unsuccessfully" to negotiate with Apple.

☆ Wall Street loves these Nasdaq stocks that could lead the beaten-down index higher going forward
▼ + stars: | 2022-11-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

It's been a difficult year for technology stocks since the Nasdaq Composite traded at record levels. The tech-heavy index is down more than 30% since hitting a record closing high of 16,057.44 on Nov. 19, 2021. Back then, investors willingly paid a sharp premium for growth-oriented technology stocks trading at steep valuations and expected to continue climbing in a low-interest rate environment. Along with CrowdStrike, software stocks Datadog and Zscaler also made the cut, with shares down 57% each from Friday's close. Match Group , Intuit and MercadoLibre rounded out the list of stocks positioned to potentially lead the Nasdaq higher.

☆ A fund manager who oversees $14 billion in equities breaks down why emerging markets offer attractive growth opportunities even during a worldwide economic slowdown — and shares his top 7 foreign stoc
▼ + stars: | 2022-11-15 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Vontobel's Ramiz Chelat says that certain emerging markets can weather a global economic slowdown. Chelat is particularly bullish on the economies of India, Indonesia, and Brazil. While domestic investors have their hands full with potential recession, portfolio manager Ramiz Chelat believes that the best investment opportunities may be slipping away. Chelat — who manages $5 billion in emerging market equities and $9 billion in global equities at Vontobel Asset Management — is particularly bullish on the emerging economies of Brazil, India, and Indonesia. Chelat believes that all three nations are strong enough to weather any future fallouts from the Russia-Ukraine war, and may even be net beneficiaries in some cases.

☆ Latam's MercadoLibre's net profit rises 36%, fueled by fintech
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

SAO PAULO, Nov 3 (Reuters) - South American e-commerce giant MercadoLibre Inc (MELI.O) on Thursday reported a third-quarter net income up 36% from a year earlier, as it nearly doubled its fintech revenues, helping offset a relative slowdown in online shopping. The Argentina-based company, which operates in countries across Latin America, posted a quarterly net income of $129 million. The company's loan portfolio meanwhile reached $2.8 billion in the quarter, up 4% from the previous quarter, as it expanded its credit business. Over the quarter MercadoLibre said it added 4 million new users, bringing its active use base up 12% to 88 million. This helped net revenues leap 61% in constant currency (45% in dollars) to reach $2.7 billion - in line with Refinitiv estimates.

☆ Industry insiders place their bets on the companies best placed to launch a 'super app' in the US
▼ + stars: | 2022-11-01 | by ( Asia Martin | ) www.businessinsider.com time to read: +3 min

Industry insiders shared their views on what tech companies could reach super app status in the US. Cornerstone Advisors' Ron Shevlin doesn't think the US will have a single super app. The race to build a so-called financial super app is well underway, and some industry insiders are already placing their bets. A super app is essentially a one-stop shop for users' financial needs and beyond, providing multiple services and products — including savings, investing, and shopping tools — all in one place. It is an opportunity, I think, for them to become a super app.

☆ Stocks shrug off tech's troubles as the Street awaits key inflation data next week
▼ + stars: | 2022-10-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ From Walmart to Venmo and Klarna, industry insiders pick the companies they believe have the best chance at standing up a 'super app' in the US
▼ + stars: | 2022-10-26 | by ( Asia Martin | ) www.businessinsider.com time to read: +3 min

Industry insiders shared their views on what tech companies could reach super app status in the US. Cornerstone Advisors' Ron Shevlin doesn't think the US will have a single super app. The race to build a so-called financial super app is well underway, and some industry insiders are already placing their bets. Ron Shevlin, chief research officer at consultancy Cornerstone Advisors in Scottsdale, Arizona, envisions Walmart being the closest to building a super app in the US. It is an opportunity, I think, for them to become a super app.

☆ Brazil's Nubank to introduce cryptocurrency as part of rewards program
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Oct 19 (Reuters) - Brazil's Nubank on Wednesday announced plans to release its own cryptocurrency as part of a new customer rewards program. Warren Buffett-backed Nubank said in a statement the Nucoin digital currency is expected to be launched in the first half of 2023. Its goal is to offer customers benefits such as discounts and perks as they accumulate Nucoins. Nubank announced in May it would allow its Brazilian customers to make cryptocurrency transactions on its banking app. Register now for FREE unlimited access to Reuters.com RegisterReporting by Gabriel Araujo, Editing by Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks making the biggest moves midday: Roblox, Continental Resources, Fox Corp and more
▼ + stars: | 2022-10-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Fox Corp , News Corp — Fox shares dropped 8%, while News Corp gained more than 4% after Rupert Murdoch formed a special committee to explore a possible deal that would put his two media companies back together. Wells Fargo reiterated its equal weight rating on the streaming service ahead of the company's earnings this week. Speculative tech stocks — South American e-commerce stock Mercadolibre surged 11%, while Chinese tech stock Pinduoduo jumped more than 6%. Bank stocks — Several bank stocks moved higher Monday on positive earnings for the sector. Bank of NY Mellon gained 4.9% following its earnings beat and Signature Bank , set to report earnings on Tuesday, jumped 6%.

☆ Mercadolibre, Brazilian airline Gol announce logistics partnership
▼ + stars: | 2022-04-19 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterAn aircraft of Gol Linhas Aereas Inteligentes SA prepares to depart from Congonhas airport in Sao Paulo, Brazil September 11, 2017. REUTERS/Paulo Whitaker/File PhotoSAO PAULO, April 19 (Reuters) - Mercadolibre Inc (MELI.O) and Brazilian airline Gol Linhas Aereas Inteligentes SA (GOLL4.SA) on Tuesday announced a 10-year logistics partnership for cargo transportation in the South American country. Register now for FREE unlimited access to Reuters.com RegisterWith the deal, Gol said it expects its logistics unit GOLLOG to add 100 million reais ($21.43 million) in revenue in 2022 and 1 billion reais over a five-year period. The airline also said it will save about 25 million reais in 2022 and 75 million reais in 2023 thanks to the partnership, as it updates its aircraft fleet. ($1 = 4.6654 reais)Register now for FREE unlimited access to Reuters.com RegisterReporting by Aluisio Alves; writing by Gabriel Araujo; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Denmark's most popular eToro trader breaks down how his time as an elite chess player helped shape the strategy that made him 400% returns on bitcoin this year and led 20,000 people to copy his portfo
▼ + stars: | 2021-07-29 | by ( Tom Turula | ) www.businessinsider.com time to read: +7 min

His portfolio generated 44% in returns in 2020.Insider asked Jain Kongsted how he invests and why he thinks his portfolio is so popular. His background as an elite chess player gives him a leg up in investing"The best chess players know thousands of patterns on a chess board," Jain Kongsted said. Elite chess also taught Jain Kongsted to "keep his head cool" when trades go bad. Besides chess, Jain Kongsted is also champion of Scrabble. And he spent thousands of hours studying stock charts, "until they took on a life of their own."

Persons: Jain Kongsted, eToro, Jain, Jain Kongsed, they've, —, Elon Musk, Jain Kongsted didn't, Tesla, It's, That's Organizations: Business, Visa, Gamestop Locations: Denmark, Europe, Danish, bitcoin, cryptocurrencies

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