👉 The Amazon of Latin America

Together with Your Best Credit Cards

Happy Wednesday.

Welcome to this month’s stock deep-dive. We’ll be diving into the wild world of e-commerce — with an international twist.

As a reminder, this specific deep-dive is written by the GRIT team and is not the work of Head Analyst Austin Hankwitz.

An Exciting Bonus Offer

Consider checking out a huge 100,000 point offer on one of our favorite travel rewards credit cards. This is the best of the year on this card! 

Stock Deep Dive: Mercado Libre (MELI-US, $112B Market Cap)

So much for US Exceptionalism.

Heading into 2025, many investors were marching to the tune of yet another year of US Equity dominance. And why wouldn’t they?

The US equity market has been the best wealth creation vehicle for the better part of the last several decades. How much better than the rest of the world? A lot…

S&P 500: Total return since 1990: ~2,700% (annualized ~10.5%)

MSCI World ex-USA Index: Total return since 1990: ~420% (annualized ~5.6%)

$10,000 invested in the S&P 500 in 1990 would be worth about $280,000 today. $10,000 invested in the MSCI World ex-USA would be worth about $52,000.

The S&P 500 has outpaced global ex-US markets by more than 5x over the last 30+ years.

But now, the tide is changing. Capital is starting to look for other places in the world to go as the global world trade order gets turned on it’s head. The path of least resistance is larger marketcap companies in growing geographies.

This is exactly where Mercado Libre plays.

Welcome to the Amazon of Latin America: Mercado Libre.

• Why now? 👉 A Latin American Digital Powerhouse

• Overview 👉 What Does Mercado Libre Do?

• Product Ecosystem 👉 Marketplace, Fintech, Logistics

• Regional Penetration 👉 Deep Roots Across Latin America

• Trade War Insulation 👉 A Non-US Tech Growth Story

• By The Numbers 👉 Key Metrics

• Risks 👉 Potential Pitfalls

Why now?👉 A Latin American Digital Powerhouse

Subscribe to GRIT Premium to read the rest.