Why MercadoLibre Stock Jumped 18% in May

A strong earnings report helped propel the Latin American e-commerce stock higher.Shares of MercadoLibre (MELI -4.08%) were soaring last month as the Latin American e-commerce leader delivered another strong earnings report, reassuring investors of its growth potential despite economic troubles in Argentina.According to data from S&P Global Market Intelligence, the stock gained 18% last month. As you can see from the chart, the stock popped initially on the earnings report at the beginning of May, and then ...