Brazil Stocks Plunged. Should You Buy the Dip in MercadoLibre?

Brazilian stocks fell sharply following Lula's election victory, with the Brazil ETF dropping 19.8% and MercadoLibre declining 7.8%. Despite the sell-off, the article argues MercadoLibre remains a compelling buy given its strong fundamentals, including 30 consecutive quarters of 30%+ revenue growth, reasonable forward P/E valuation of 30, and expanding fintech operations across Latin America.