Global investment management firm Victory Capital reported earnings on Tuesday that missed on the topline and fell short of expectations, according to analysts at William Blair.
The firm went on to say in a note that the stock reaction was "overblown" and "we would be buyers on weakness,."after the country's president suffered an election upset against the opposition candidate. "Given robust underlying fundamentals, large total addressable market, and MELI's track record at weathering both regulatory and FX challenges in the past, we think the dip is largely an overreaction which has created a buying opportunity for investors who can withstand short term volatility," they said.World Wrestling Entertainment reported strong bottom-line results in late July. Shares of the company took a bit of a beating as of late but have quickly rallied back.
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