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A Brazil ETF fell 20% on Monday, and MercadoLibre was down 8%. MercadoLibre has cooled off over the last year on concerns about falling profits.
Uber Technologies consistently generated higher overall revenue than MercadoLibre in every comparable period over the tracked two-year time frame, maintaining a lead in absolute scale. Both companies demonstrated steady quarter-over-quarter revenue growth from late 2024 through the middle of 2026, avoiding significant fluctuations in their upward trajectories.
AMZN, MELI, and MSFT are all moving in opposing directions amid an outperforming market
The S&P 500 remains in a confirmed uptrend, yet a big slice of the market isn't along for the ride. Money keeps crowding into the same mega-cap leaders, and plenty of solid companies sit below their 50-day moving averages even as their earnings outlooks hold up.
MercadoLibre's booming e-commerce sales, rising buyer engagement and logistics gains fuel growth, but margin pressures and premium valuation raise concerns.
MercadoLibre (MELI) stock tanked in trading on Monday after Brazilian President Luiz Inácio Lula da Silva defeated Flávio Bolsonaro, upending expectations for a more market-friendly administration. MELI shares are down more than 10% as of writing as investors continue to unwind bets on tighter government spending and lower corporate taxes.
Brazil's surprise election result is hitting the country's U.S.-listed companies hardest where government policy and borrowing costs carry the most weight. Nu Holdings (NYSE:NU | NU Price Prediction) stock is down 25% to $11.
Brazil-focused ETFs face a volatile U.S. session after President Luiz Inácio Lula da Silva defeated Senator Flávio Bolsonaro in Sunday's presidential runoff, challenging investor expectations of a political shift and more orthodox fiscal policies. The iShares MSCI Brazil ETF (NYSE:EWZ) and Franklin FTSE Brazil ETF (NYSE:FLBR) plunged 27.3% AND 21.6% in premarket trading, Monday.