MercadoLibre (MELI) shares have returned 47.4% in the year-to-date (YTD) period, outperforming the Zacks Retail-Wholesale sector and the Zacks Internet-Commerce industry’s growth of 0.5% and 0.4%, respectively. The stock has also outperformed the S&P 500 index’s decline of 1.9% YTD. MELI shares have been riding on its dominant presence in Latin America and a diversified business model across e-commerce and fintech. Its performance has also been fueled by two strong earnings reports in a row, which came out ...