I have looked at this so-called "E-commerce and Logistics" basket, and it is a perfect specimen of the current market ecosystem: you have behemoths printing actual money, SaaS veterans desperately pivoting to AI, and zombie companies that shouldn't even be public. This is stupid and here's why.

It’s like watching the late 90s dot-com bubble all over again—slap "AI" or "Global" on your deck and hope investors don't read the balance sheet.

Let's start with the adults in the room. MercadoLibre (MELI.US) is the undisputed heavyweight here. They are aggressively expanding across Latin America, and their Q1 2026 net revenue surged 49% year-over-year to USD 8.8 billion. It is no surprise the stock has been outperforming the sector this year. Similarly, Grupo Financiero Banorte (GBOOY.US) just posted a Q1 net profit of USD 891 million. As long as the LatAm market keeps booming, this underlying financial infrastructure will keep cashing in.

Then we have the tech crowd trying to dress up their software with the latest buzzwords. HubSpot (HUBS.US) recently launched public betas for "Agent Hub" and posted USD 881 million in Q1 2026 revenue. Twilio (TWLO.US) is playing the exact same game, rolling out "Conversation Intelligence" at their SIGNAL conference. Their year-to-date performance has been resilient, but are you guys actually reinventing customer engagement? Show me the monetization.

Over in the autonomous driving lane, WeRide (WRD.US) boasts about deployments in the UAE and testing globally. The stock has been volatile recently. I've been watching the self-driving space for a decade—stop feeding us physical AI models and tell me when you will actually turn a profit on Robotaxis. Good luck with that in your upcoming August 2026 earnings report.

Playtika (PLTK.US) posted USD 744.7 million in Q1 2026 revenue but swallowed a net loss of USD 57.5 million. Tencent is reportedly eyeing their SuperPlay studio. They are trying to pivot to casual games, but why aren't you moving faster to fix the bottom line?

Finally, we get to the absolute punchlines. Cheetah Net Supply Chain (CTNT.US) saw its Q1 2026 logistics revenue collapse by 80.7% to a pathetic USD 92,700, complete with a "going concern" warning. And Sentage Holdings (SNTG.US)? They reported literally zero revenue for the first half of fiscal 2024. Why are these stocks still trading on the exchange?

The money is flowing to businesses with massive moats, not fringe players trying to fake it till they make it.

This article does not constitute investment advice.