MercadoLibre (NASDAQ: MELI), the dominant Latin American e-commerce and payments company, has defied significant economic headwinds all year. Unlike many of its global peers, the company has produced outstanding revenue, solid margin expansion, and strong free-cash-flow growth throughout 2022.

As a result, when the stock recently released its earnings report on Nov. 3, investors were impressed and bid it up 8%. However, economic experts expect the economies in its largest markets -- Brazil, Argentina, and Mexico -- to perform worse in 2023, so you might ask, "Where does the stock go from here"?

Here's why you should put this Latin American steamroller on your buy list today.

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Source Fool.com