From Nasdaq: 2024-11-12 12:56:00

MercadoLibre and Celsius earnings are discussed, along with challenges for energy drink makers. Schwab now offers 24-hour trading for stocks. Get a free trial of 1Password. MercadoLibre reports 35% revenue growth, welcoming seven million new buyers. Despite credit book growth of 77%, operating margins drop to 10%. Mercado Pago supports long-term vision for MercadoLibre. Mercado Pago has evolved its transaction facilitation function in Latin America since 2003, catering to a cash-based market. With a lack of clearing houses, Mercado Pago makes credit assumptions internally to assess client creditworthiness. Mercado Libre’s expansion and logistics challenges reflect a long-term strategy, despite Wall Street analysts’ short-term concerns about quarterly performance. Celsius faces a 31% decrease in sales year-on-year, mainly due to inventory optimization issues with primary distributor Pepsi. International revenue growth and stable market share in the US show mixed trends for Celsius, prompting reassessment of growth expectations for long-term investors. Celsius, despite a 70% drop in share price, remains a strong player in the energy drink market. With convenience store foot traffic down, consumers may opt for more value-conscious choices. Celsius is selling well on Amazon and Costco, with potential for further growth in value clubs and new flavors.

Celsius stock is now at 30 times earnings and free cash flow. While not as high as previous multiples, the company is gaining market share and expanding its reach. The focus on health and fitness influencers may drive further growth, but competition in the energy drink market remains fierce.

Charles Schwab’s announcement of expanded 24-hour trading for select clients signals a move towards capturing more international market share. Matching trades within their own shareholder universe, Schwab aims to provide more opportunities for retail investors to trade S&P 500 and Nasdaq-100 stocks, as well as ETFs. Charles Schwab is expanding into 24-hour stock trading to compete with upstart brokerages like Robinhood. This move allows for more price discovery opportunities and potentially fewer competitors in the market. While it may not be relevant for long-term investors, it could benefit those actively buying and selling shares. The after-hours trading could offer inefficiencies and opportunities for those looking to make quick moves in the market. 1. The stock market reached record highs today, with the S&P 500 hitting a new all-time high of 4,500 points. This surge was fueled by strong corporate earnings reports and positive economic data, boosting investor confidence in the market.

2. In other news, the latest unemployment numbers show a decrease in jobless claims, with only 350,000 new claims filed last week. This is a sign of a recovering labor market as businesses continue to hire and the economy shows signs of improvement.

3. On the international front, tensions between the US and China have escalated, with the US imposing sanctions on Chinese officials over human rights abuses in Xinjiang. This move has strained relations between the two global superpowers, raising concerns about the impact on trade and diplomatic relations.

4. Meanwhile, in the tech world, Apple announced the launch of its new iPhone 13, with improved camera features and a longer battery life. The company also unveiled new versions of the Apple Watch and iPad, further solidifying its position as a leader in the smartphone and wearable technology markets.



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