MELI (MELI) news

U.S. Stock Market Movement | Bolsonaro Performs Better Than Polls Expected, Brazilian Concept Stocks Rally

According to GTJAI, after the opening of the US stock market on Monday, Brazilian concept stocks collectively surged. As of press time, financial platform XP Inc (XP.US) rose over 30%, digital bank Nu Holdings (NU.US) climbed more than 13%, Petrobras (PBR.US) was up over 10%, Vale (VALE.US) increased by more than 4%, and MercadoLibre (MELI.US) gained more than 6%. The rally came after the results of the first round of the Brazilian presidential election, where Flavio Bolsonaro led current President Lula with about 47% of the vote compared to Lula’s 45%, performing better than previous poll predictions. The two will face off in a runoff on October 25. Investors are focused on Bolsonaro's policy proposals regarding tightening fiscal policy, controlling public spending, and lowering corporate taxes.

BUZZ—US Stock Market Updates—Cenovus Energy, TeraWulf, Alector

Workspace search string for single stock price trends: STXBZ "Today’s Outlook" newsletter: https://refini.tv/3LI4BU7 "Morning News Briefing": https://refini.tv/3dKUyB8 Reuters, October 5 - At Monday’s opening, major Wall Street indexes were flat, with tech stocks pulling back from record highs. As Treasury yields and oil prices remain elevated, investors are seeking new clues on the direction of monetary policy. Highlights: ** Cenovus Energy CVE.TO — Cenovus agreed to acquire Athabasca for 5.7 billions CAD; stock price dropped nL4N45R0RM ** Establishment Labs ESTA.O — Stock rose after FDA approved Motiva implants in additional sizes nL4N45R0SB ** Bristol Myers Squibb BMY.N — Leerink downgraded rating, citing pipeline risks nL4N45R0PN ** TeraWulf WULF.O — Doubled power capacity at Kentucky data center campus; shares up nL4N45R0QG ** Texas Roadhouse TXRH.O — Evercore ISI upgraded to “outperform”; stock rose nL6N45R0P2 ** Lumexa Imaging LMRI.O — Truist initiated coverage with “buy” rating; shares up nL6N45R0NS ** Alector ALEC.O — Stock surged after agreement with Genentech on experimental Parkinson’s drug nL6N45R0NF ** Align Technology ALGN.O — Broker downgraded to “neutral” amid slowing demand; stock declined nL4N45R0NV ** Insmed INSM.O — Shares fell after CFO Sara Bonstein resigned nL4N45R0O4 ** RXO RXO.N — C.H. Robinson announced $5.8 billions acquisition plan; RXO shares up nL6N45R0N4 ** Harley-Davidson HOG.N — Citi upgraded to “buy”; shares rose nL6N45R0M3 ** GEO Group GEO.N — Stock climbed after $950 millions ICE facility sale and expanded buyback nL6N45R0MR ** Vistra VST.N — Reportedly to receive $4.2 billions US nuclear loan; shares up nL4N45R0L8 ** Vaxcyte PCVX.O — Stock surged after successful late-stage clinical results for pneumococcal vaccine nL4N45R0K0 ** Estée Lauder EL.N — Barclays upgraded to “overweight”; shares up nL6N45R0HX ** PTC PTC.O — Schneider Electric agreed to acquire PTC for $22.6 billions; stock surged nL6N45R0HV ** Petrobras PBR.N, Itaú Unibanco ITUB.N, MercadoLibre BBD.N, Nu Holdings NU.N — Strong performance by Bolsonaro lifted market sentiment, Brazilian ADR shares soared. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. As automated translation may contain errors or miss required context, Reuters does not guarantee the accuracy of the automated translation, which is provided solely for reader convenience. Reuters accepts no liability for any damage or loss caused by use of the automated translation function.)

US Stock Market Movement: Mercadolibre soars on October 5th, driven by Brazil's election and Latin American e-commerce

MercadoLibre stock closes up 0.68% at $1,696.56, still below every key moving average

BUZZ - Boosted by market sentiment from Bolsonaro’s strong performance, Brazilian ADR prices rise

October 5 – As Brazil's right-wing senator Flávio Bolsonaro outperformed expectations in the first round of the presidential elections on Sunday, shares of Brazilian companies listed in the U.S. rose in pre-market trading (link). Bolsonaro held a narrow lead over the incumbent president Luiz Inácio Lula da Silva, with both set to compete in a runoff on October 25. The senator is the son of right-wing former president Jair Bolsonaro. “Bolsonaro's stronger-than-expected performance, coupled with a rightward shift in Congress, should support Brazil’s benchmark stock index Ibovespa and put downward pressure on long-term yields,” said Andrés Abadía, Chief Latin America Economist at Pantheon Macroeconomics. Shares of state-owned oil company Petrobras (PBR.N) rose 10.4%, while Latin America's largest private bank Itau Unibanco (ITUB.N) climbed 11.2%. Banco Bradesco (BBD.N) increased 10.8%, and aircraft manufacturer Embraer (ERJ.N) gained 6.3%. Brazilian e-commerce and fintech company MercadoLibre (BBD.N) and digital bank Nu Holdings (NU.N) rose 6.8% and 10.4% respectively. The iShares MSCI Brazil ETF (EWZ.P) was up 11.6%. As of the previous trading session, Brazil’s benchmark Bovespa Index (.BVSP) had gained over 19% year-to-date. (For the convenience of non-English speakers, Reuters automates the translation of its reports into several other languages. Automated translations may contain errors or may not provide needed context; Reuters does not guarantee the accuracy of automated translation texts and provides them solely for reader convenience. Reuters accepts no liability for any damage or loss caused by the use of automated translation functions.)

MercadoLibre launches deliveries within an hour, expands pharmacy business in Brazil

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US Stock Futures Preview: All Three Major Index Futures Rise, August US CPI to Be Released Tonight, Oracle (ORCL.US) Surges After Earnings

Before the U.S. stock market opens on Friday, September 11, all three major U.S. stock index futures are rising.

Retreat signal? "Big short" closes bearish options on Nvidia and Palantir

"Big short" Michael Burry has fully reduced risk by closing his Nvidia and Palantir put options that expire in December 2026 to avoid time value erosion. However, he still holds 2027 put options for both companies and maintains short positions in several tech stocks. Meanwhile, Jensen Huang reposted data showing GPU rental prices increased by 22% month-on-month to counter Burry's core bearish argument regarding the overestimated depreciation period of chips.

"The Big Short" Burry holds coins to cope with turbulent times: reduced portfolio risk exposure and closed December expiry Nvidia and Palantir put options.

On Wednesday, Burry stated that he is reducing risk across all positions and has closed out put options on Nvidia (NVDA.US) and Palantir (PLTR.US) expiring in December 2026, without rolling them over.

MercadoLibre Issues $1 Billion in Senior Notes

Michael Burry's latest holdings: Lululemon tops the list with 17.4% allocation

India Isn’t Japan: Why the Yen Carry Trade Analogy Could Mislead Indian Investors

Investment tycoon Druckenmiller buys Chinese stocks for the first time in two years, significantly increases holdings in Amazon and AMD, sells all shares in Broadcom, Intel, and Micron

Druckenmiller bought 88,000 shares of Baidu in the second quarter; increased his Amazon holdings by more than 1,000% and more than doubled his Amazon call option positions; established a new position in Alphabet and added call option positions in Meta Platforms and Tesla; completely exited positions in semiconductor giants Broadcom, Intel, and Micron, shifting his bets to AMD and TSMC.