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Stories for tomorrow’s Sage show: 🔸 $MELI Drops 12% Despite Beating Revenue Estimates 🔸 $HOOD Up ~20% in ONE DAY MercadoLibre’s Q3 2024 earnings report showed a 35% revenue increase to $5.31 billion, slightly exceeding the $5.25 billion estimate, driven by 48% growth in commerce and 21% in fintech. Gross Merchandise Volume rose 14% to $12.9 billion, while Total Payment Volume climbed 34% to $50.7 billion, beating expectations. However, Earnings Per Share missed at $7.83 against a $9.99 estimate, leading to a 12% stock drop in after-hours trading. Operationally, unique active buyers grew by 22%, items sold rose 28%, and the credit portfolio expanded 77%, but EBIT fell 29% with a 10.5% margin, reflecting profitability challenges that contributed to negative market sentiment. ~~~ Robinhood’s stock ($HOOD) recently surged to $30 per share, a level it hasn’t reached since 2021, driven by several factors. The platform saw a huge spike in election-related trading, with over 500 million contracts traded on election night, leading to its largest-ever overnight trading volume—11 times above average. Additionally, positive momentum in the fintech and digital asset sectors, with strong performances from companies like Coinbase and Marathon Digital, may be supporting Robinhood’s rise. While reaching $30 is a milestone, the stock’s future will likely remain influenced by speculative interest, broader fintech trends, and macroeconomic events. Oh boy oh boy 🤑