Two Growth Stocks Hit a Snag
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 7 November 2024
⏱️ 21 minutes
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| 0:00.0 | How about a little bit of trading all of the time? |
| 0:07.6 | You're listening to Motley Fool Money. |
| 0:12.8 | I'm Ricky Mulvey, joined today by Bill. |
| 0:15.7 | Bill, it's good to see you today. |
| 0:17.5 | Hey, Ricky. |
| 0:18.1 | How you doing, man? |
| 0:19.1 | I'm doing all right. |
| 0:20.1 | So we're recording this quick |
| 0:21.6 | note for listeners. This is before the Federal Reserve has announced what they are doing about |
| 0:26.6 | interest rates. In fact, we're recording it one hour before. I know this is something you're |
| 0:30.7 | going to be following very closely and deciding what to do with all of your stocks once. |
| 0:36.0 | Jerome Powell says something, but I just wanted to let |
| 0:38.6 | listeners know we're going to dive into some company earnings. First up, we've got two growth |
| 0:43.5 | stocks that have hit a little bit of a snag. Let's start with a full favorite, and that's Mercado |
| 0:48.4 | Libre, the online marketplace and payments company. First part sounds really good, Bill. Revenue up 35% year on year. |
| 0:57.0 | It's already the largest company in Latin America, I believe. Almost 7 million new buyers came |
| 1:02.2 | onto the platform. Say it two times, CEO Marcos Eduardo Galparin. This is a number higher than the |
| 1:09.3 | number we saw during the peak of the pandemic. |
| 1:11.6 | So let me be clear on that. |
| 1:13.2 | Not even during the explosion of demand that we experienced in the pandemic. |
| 1:17.0 | We saw a number of new users at this level. |
| 1:20.0 | End quote. |
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