Investor Bullish on Tech Leaders Amazon, Alphabet, MercadoLibre, dLocal, and UiPath Due to Growth Potential
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Recently purchased more Amazon stock due to its increasing profit margins from high-growth business segments like advertising and cloud computing. Sees it becoming much more profitable over time.
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Added to Alphabet position as its core advertising business is recovering from companies reopening ad budgets. Sees efficiency gains also boosting earnings.
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MercadoLibre is still rapidly growing revenue over 50% annually and expanding margins. Stock trades at attractive valuation compared to history.
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dLocal provides digital payment infrastructure for multinationals to sell into developing markets. Growing revenue and profits quickly but trades at reasonable earnings multiple.
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UiPath is a leader in robotic process automation software to automate repetitive workplace tasks. Still early days for this technology but company seeing strong recurring revenue growth.