Prediction: MercadoLibre Stock Will Beat the Market. Here's Why.

It's been quite a week for the stock market. Although it reached down into bear territory, it has also proven resilient at certain moments. There have been wild swings, and by the time this is published, it could again look a whole lot different.

The S&P 500 is the standard market index, but it only includes 500 stocks, and they're all U.S.-based businesses. The index itself is just an average, which means some of the stocks included are performing better than the index itself.

MercadoLibre (NASDAQ: MELI) is a Latin American e-commerce giant that wouldn't be included in the S&P 500, but it's beating it now, and it's likely to keep outperforming it by a wide margin over time. Here's why.

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