For many years, Apple was the top stock to own in the market. Its market dominance with its products, coupled with a cheap stock valuation, helped the company rise to dominate the markets from 2016 on. But Apple is no longer the deal it used to be -- it's quite expensive now, leaving investors searching for an alternative.

Instead of Apple, there is a far more promising company that investors can consider now: MercadoLibre (NASDAQ: MELI). While MercadoLibre isn't exactly like Apple (it's an e-commerce business), it shares one trait that makes it a screaming buy.

While Apple's Mac computers, iPads, and iPhones may have been successful on their own, what really made Apple a dominant force was the ecosystem it built around its products.

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Source Fool.com