The stock market wrapped up September on a high note, with S&P 500 and NASDAQ posting their best September performance in 15 years. Investors brushed aside concerns over a possible government shutdown, the first in seven years.
S&P 500 gained 0.4% to close at 6,688, while NASDAQ edged up 0.3% to 22,660.
Chart of the Day
Here is the one-year chart of MercadoLibre (MELI) as of September 4, 2025, when the stock was at $2,418.
Last quarter, the company delivered -2% profit growth on 34% revenue growth. Management stated the company significantly strengthened its value proposition in June by expanding its free shipping offer in Brazil to include millions of items from 79 Brazillian real (BRL) to 19 BRL for all buyers. It also reduced shipping charges for sellers in the 79 – 200 BRL range. Fulfillment penetration hit new highs across the region, with 57% of shipments handled through MercadoLibre’s managed network. This underscores the company’s competitive advantage in speed as management are convinced that fast delivery will always be high demand. Spending on logistics is strengthening market share and driving record item growth in Brazil, Argentina, and Mexico. However, MercadoLibre missed profit estimates last quarter and lowered estimates moving forward.
MELI is a top holding in our Aggressive Growth Portfolio and Growth Portfolio.
