Mercadolibre Inc. (MELI): Today's Featured Internet Laggard

Mercadolibre ( MELI) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 2.1%. By the end of trading, Mercadolibre fell $4.86 (-4.3%) to $108.53 on average volume. Throughout the day, 723,435 shares of Mercadolibre exchanged hands as compared to its average daily volume of 586,400 shares. The stock ranged in price between $107.75-$110.89 after having opened the day at $109.16 as compared to the previous trading day's close of $113.39. Other companies within the Internet industry that declined today were: MeetMe ( MEET), down 6.7%, Mediabistro ( MBIS), down 5.7%, ChinaNet Online Holdings ( CNET), down 5.6% and Phoenix New Media ( FENG), down 3.3%.

MercadoLibre, Inc. hosts online commerce platforms in Latin America. Its services are designed to provide users with mechanisms for buying, selling, paying, collecting, generating leads, and comparing listings through e-commerce transactions. Mercadolibre has a market cap of $4.9 billion and is part of the technology sector. Shares are up 41.2% year to date as of the close of trading on Friday. Currently there are 2 analysts that rate Mercadolibre a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Mercadolibre as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Deltathree ( DDDC), up 120.6%, SouFun Holdings ( SFUN), up 7.3%, Travelzoo ( TZOO), up 7.3% and Bankrate ( RATE), up 7.2% , were all gainers within the internet industry with Facebook Inc Class A ( FB) being today's featured internet industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider First Trust Dow Jones Internet Idx ( FDN) while those bearish on the internet industry could consider ProShares Ultra Short Technology ( REW).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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