Meet the Monster Stock that Continues to Crush the Market

The stock market hasn't exactly performed well recently. As I write this on April 22, the S&P 500 remains about 15% below its recent high, and the Nasdaq Composite index remains down 20%, in bear market territory.However, not all stocks are in the same boat. In fact, MercadoLibre (NASDAQ: MELI) is up by nearly 25% this year, and is currently just below its all-time high.It's not hard to understand why MercadoLibre has held up well in the recent market downturn. The company doesn't sell anything in the United States, so it isn't vulnerable to tariff uncertainty. Plus, the U.S. dollar has weakened recently, creating favorable foreign exchange headwinds for MercadoLibre investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool