Why MercadoLibre Stock Was Soaring on a Down Day

A strong earnings report helped the e-commerce company buck the broader sell-off.Shares of MercadoLibre (MELI 10.59%), the Latin America e-commerce giant, were climbing today even as the broad stock market collapsed following a weak unemployment report.MercadoLibre was shining after delivering a strong earnings report last night, posting another round of breakout growth. The stock was up 10% as of 12:01 p.m. ET on Friday. MercadoLibre keeps growing and growingThe company reported revenue growth of 42% (or 1 ...