MercadoLibre Sinks 10% in a Week After Lula’s Surprise Win, With Earnings Up Next
Published . Updated .
This report is about Brazil.
Directly affected
- MELI Mercadolibre-11.4% 11d
Named in this report.
Indirectly affected
- EWZ iShares MSCI Brazil ETF-14.7% 30d
iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“lula”).
- 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 (“lula”) 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 (“lula”) 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 (“lula”) 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 (“lula”) 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 | +2.70% | +2.95% | 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.
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MercadoLibre Sinks 10% in a Week After Lula’s Surprise Win, With Earnings Up Next Yahoo Finance
Source: Yahoo Finance
The price since 31 Oct 2026: Ishares Msci Brazil Etf (EWZ) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| MELI | three days earlier | +2.95% | final price |
| MELI | five days earlier | +2.70% | final price |
Who gains and who loses around Ishares Msci Brazil Etf (EWZ)
Companies mentioned with this story
- EWZ Ishares Msci Brazil Etf
Ishares Msci Brazil Etf (EWZ) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “MercadoLibre Sinks 10% in a Week After Lula’s Surprise Win, With Earnings Up Next.” Reason on file: iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“lula”)
- PBR Petrobras - Petroleo Brasileiro
In “MercadoLibre Sinks 10% in a Week After Lula’s Surprise Win, With Earnings Up Next,” Petrobras - Petroleo Brasileiro (PBR) is linked, with no stored direction, medium confidence. Reason on file: 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 (“lula”) reaches its shares
- ITUB Itau Unibanco Holding S.A
Itau Unibanco Holding S.A (ITUB) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “MercadoLibre Sinks 10% in a Week After Lula’s Surprise Win, With Earnings Up Next.” Reason on file: Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“lula”) reaches its shares
- NU Nu Holdings
For “MercadoLibre Sinks 10% in a Week After Lula’s Surprise Win, With Earnings Up Next,” Nu Holdings (NU) is linked, with no stored direction, medium confidence. Reason on file: Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“lula”) reaches its shares
- VALE Vale S.A
Vale S.A (VALE) is linked, with no stored direction, medium confidence in the 31 Oct 2026 story “MercadoLibre Sinks 10% in a Week After Lula’s Surprise Win, With Earnings Up Next.” Reason on file: Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“lula”) reaches its shares
Ishares Msci Brazil Etf (EWZ)
On 31 Oct 2026, “MercadoLibre Sinks 10% in a Week After Lula’s Surprise Win, With Earnings Up Next” is the story that connects Ishares Msci Brazil Etf (EWZ) to this story.
For Ishares Msci Brazil Etf (EWZ), the reason on file says iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“lula”)
Also listed, Petrobras - Petroleo Brasileiro (PBR): 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 (“lula”) reaches its shares
The price range for Ishares Msci Brazil Etf (EWZ), and the dates in the story
EWZ traded between 31.40 and 43.77 across 20 sessions. The latest close on file is 32.47. ITUB traded between 8.11 and 10.20 across 5 sessions. The latest close on file is 10.18.
How strong the case is around Ishares Msci Brazil Etf (EWZ)
40 out of 100
“MercadoLibre Sinks 10% in a Week After Lula’s Surprise Win, With Earnings Up Next” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.