This Stock Jumped After Earnings. Is It Worth Buying?

Shares of the Latin American e-commerce and payments giant MercadoLibre (NASDAQ: MELI) rose 5% on Friday, Nov. 5, after it reported strong earnings. Its growth was strong across all parts of the business. 

MercadoLibre's earnings were impressive, but if you want to beat the market over the next five years, is this company the right one to add to your portfolio? After all, the stock is already worth more than $80 billion. The answer lies within the consistent dominance that was on display in its third-quarter performance. Despite its size, the company's market position and optionality could allow it to continue crushing the stock market for many years, which is why I still think it's worth buying today. 

Image source: Getty Images.

Continue reading

Source Fool.com