StoneCo Earnings Preview: Reiterating My Bullish Stance
StoneCo(STNE) Seeking Alpha·2024-03-16 01:26
Sukanya Sonlila/iStock via Getty ImagesI have been bullish on StoneCo Ltd. (NASDAQ:STNE) for as long as I can remember. Almost a year ago, I reiterated my bullish stance amid some notable improvements in earnings revision trends. Since then, STNE stock has gained 52%, handsomely beating the broad market. With the company expected to report fourth-quarter earnings next Monday, I revisited my investment thesis. In April 2023, my bullish stance stemmed from the expected recovery of Brazil's e-commerce sect ...