The Zacks Analyst Blog Highlights ICICI Bank, Taiwan Semiconductor, MercadoLibre and NVIDIA

For Immediate ReleaseChicago, IL – December 12, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: ICICI Bank IBN, Taiwan Semiconductor TSM, MercadoLibre MELI and NVIDIA NVDA.Here are highlights from Thursday’s Analyst Blog:Emerging Markets to Outperform: 3 Stocks for 2026 Growth & ValueEmerging-market (EM) economies today present a compelling alternative to developed markets, and recent data offers a fresh lens. Going by the International Monetary Fund’s (IMF) October 2025 update, emerging and developing economies are forecast to grow 4.2% in 2025. This is significantly higher than the 1.6% expected growth in real GDP for advanced economies.The collective output of EM now accounts for 50.6% of global GDP in 2025 and 66.5% of global GDP growth in the past 10 years (World Economics).This macro strength is reflected in equity markets. According to a 2025 analysis by J.P. Morgan Asset Management, 2025 marks the first year since 2020 in which emerging-market equities have outperformed developed-market equities, driven by improving economic conditions, a softer U.S. dollar and a global macro backdrop favorable to EMs.Added to this, currently, emerging-market equities are trading at a significant valuation discount. According to RBC Global Asset Management, EM stocks are priced at roughly a 35% discount to developed-market equities on forward price-to-earnings metrics, the largest discount in the last 15 years. J.P. Morgan adds that improving earnings momentum across emerging markets in 2024 and 2025 strengthens the case for a potential valuation re-rating as profitability recovers.Below, we have discussed three well-positioned EM stocks, such as ICICI Bank in financial services, Taiwan Semiconductor or TSMC in manufacturing and MercadoLibre in e-commerce. These are seen as key beneficiaries of the structural tailwinds and are widely expected to enter 2026 with strong growth momentum.Sectors in FocusEasing monetary policies across several developing nations with lower global interest rates are creating easier financing conditions across many EMs, enabling banks to expand credit at healthier margins. As inflation moderates and currencies stabilize in key EM economies, lenders face reduced funding volatility and lower credit-risk pressure, which support stronger return on equity. This has already translated into rising loan demand from households and small businesses, particularly in regions where rate-cut cycles began earlier than in developed markets. Going by multiple sources from recent times, from 2024 till mid-2025, year-over-year bank credit growth in several emerging economies, including India, the Philippines, and Vietnam, rose in double digits as domestic credit expanded.This apart, global supply-chain diversification is driving a measurable rise in manufacturing activity across emerging markets. India, for example, attracted $19.04 billion in manufacturing FDI in the 2024-25 fiscal, supported by government incentives and expanding industrial parks (India Briefing). Vietnam and Indonesia are also capturing new production as multinational firms shift operations out of single-country hubs. India’s electronics output illustrates this shift. Mobile phone exports surged to $20.5 billion in 2024, up from near zero in 2016.Our PicksICICI Bank: Headquartered in Mumbai, India, ICICI Bank is making commendable progress in improving digital banking services for retail and corporate clients. The company has been striving to provide superior end-to-end seamless digital services, personalized solutions and value-added features to enable data-driven cross-sell and up-sell opportunities. The increasing adoption of the bank’s mobile banking app – iMobile Pay – is helping garner a solid market share. Apart from this, the company’s digital platform for businesses has witnessed tremendous growth in the past few quarters.For fiscal 2027 (ending March 2027), this Zacks Rank #2 (Buy) stock is expected to report earnings growth of 13.9% on 13.1% revenue growth. Its long-term historical earnings growth of 32.2% significantly outperforms the industry’s 9.3% growth. Meanwhile, the stock’s forward 12-month price/earnings (P/E) ratio of 17.25 is far below the S&P 500’s 23.44.Taiwan Semiconductor: The company continues to dominate the semiconductor foundry space. TSMC is known for its advanced production capabilities and has already moved into 3nm production, with 2nm coming soon. Its large scale allows it to handle rising AI chip demand better than most competitors. The company has established itself as the preferred manufacturing partner for AI accelerators, including GPUs and custom silicon developed by major players like NVIDIA, Marvell Technology and Broadcom.For 2026, this Zacks Rank #2 stock is expected to report earnings growth of 20.2% on 20.6% revenue growth. Its long-term expected earnings growth of 28.7% significantly outperforms the S&P 500’s 10.1% growth. Meanwhile, the stock’s forward 12-month price/earnings (P/E) ratio of 25.72 is below the sector’s 29.09.MercadoLibre: Buenos Aires, Argentina-based MercadoLibre's leadership across e-commerce and digital banking sectors gives it exposure to two of the region's fastest-growing secular themes, online retail and financial inclusion. Its balance of scale, technology and local execution position it to compound value through market expansion rather than price competition. The 39% revenue growth and 41% total payment volume expansion in the third quarter of 2025 reaffirm that demand remains early-cycle. With infrastructure and trust already built, MercadoLibre's addressable market continues to expand faster than its global peers.In 2026, this Zacks Rank #3 (Hold) stock is expected to report earnings growth of 50.3% on 28.5% revenue growth. Its long-term expected earnings growth of 34.6% significantly outperforms the industry’s 18.1% growth. The stock’s forward 12-month price/sales (P/S) ratio of 2.75 is below the S&P 500’s 5.3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>support@zacks.comhttps://www.zacks.comPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA): Free Stock Analysis Report ICICI Bank Limited (IBN): Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM): Free Stock Analysis Report MercadoLibre, Inc. (MELI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks