Is MercadoLibre (MELI) Stock a Buy For 2021?
Brown Capital Management International Equity Fund recently released its Q4 2020 Investor Letter, a copy of which you can download here. In the fourth quarter of 2020, the indexes that represent international equities rose: the MSCI ACWI ex USA Index increased 17.08%; the MSCI World ex USA Index went up 15.91%; and the MSCI EAFE Index returned 16.09%. The Brown Capital Management International Equity Fund lagged these returns. However, you should check out Brown Capital Management’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q4 2020 Investor Letter, the fund highlighted a few stocks and MercadoLibre Inc (NASDAQ:MELI) is one of them. MercadoLibre Inc (NASDAQ:MELI) is an online marketplace company. In the last three months, MercadoLibre Inc (NASDAQ:MELI) stock gained 10.3% and on February 26th it had a closing price of $1,638.11. Here is what the fund said: