Brazil Stocks Plunged. Should You Buy the Dip in MercadoLibre?
Published . Updated .
Brazil stocks tumbled on election news, though not much is changing after the result.
Directly affected
- MELI Mercadolibre-1.3% 6d
Named in this report.
Indirectly affected
- EWZ iShares MSCI Brazil ETF+12.9% 30d
iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”).
- PBR Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
- ITUB Itaú Unibanco Holding S.A+23.6% 8d
Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
- NU Nu Holdings
Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
- VALE Vale S.A-3.1% 12d
Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| MELI | +12.63% | +9.33% | base | after close | after close | after close | after close |
| EWZNo price data for this ticker | — | — | — | — | — | — | — |
| PBRNo price data for this ticker | — | — | — | — | — | — | — |
| ITUBNo price data for this ticker | — | — | — | — | — | — | — |
| NUNo price data for this ticker | — | — | — | — | — | — | — |
| VALENo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Brazil Stocks Plunged. Should You Buy the Dip in MercadoLibre? The Motley Fool
Source: The Motley Fool
This story
| Company | When | Move | Status |
|---|---|---|---|
| MELI | three days earlier | +9.33% | final price |
| MELI | five days earlier | +12.63% | final price |
This story
12 out of 100
“Brazil Stocks Plunged. Should You Buy the Dip in MercadoLibre?” scores 12 out of 100. The score uses 1 sources.