Mexico is Becoming More Attractive to U.S. Manufacturing Firms

Mexico’s economy boomed when the country signed the North American Free Trade Agreement (NAFTA) nearly two decades ago. The manufacturing sector especially thrived as U.S. firms shifted their operations to Mexico to take advantage of the cheap labor costs. As a result Mexico’s share of U.S. manufactured goods import rose from slightly about 4% in 1994 to …

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Mexico Stocks Reach Record High

Mexico’s IPC Index is on a roll this year.The index reached a new all-time yesterday and closed at 43,183.28. Relative to Mexican stocks, Brazilian stocks have lagged this year. Indeed Brazil’s Bovespa and the IPC index have diverged in performance since early 2010 as shown in the chart below: Click to enlarge Source: Yahoo Finance …

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Most Mexican Exchange-Listed ADRs are Up YTD

Mexico is one of the best performing emerging market this year. Mexico’s IPC index is up 9.7% so far this year. Despite the drug violence investors have been bidding up Mexican stocks  due to strong economic growth and political reforms. From an article in The Wall Street Journal in August: Earlier this year, Mexican shares were …

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Five Mexican ADRs under $10

The following five Mexican ADR stocks closed under $10 yesterday: 1.Maxcom Telecomunicaciones (MXT) Sector: Telecom Closing Price on Oct 19th: $3.65 2.Cemex (CX) Sector: Construction &Materials; Closing Price on Oct 19th: $7.71 3.Grupo TMM (TMM) Sector: Industrial Transportion Closing Price on Oct 19th: $2.81 4.GRUMA (GMK) Sector: Food Producers Closing Price on Oct 19th: $6.00 …

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The 10 Largest and Most Liquid Mexican Stocks

The Dow Jones Mexico Titans 20 Index measures the performance of the largest and most liquid stocks traded in Mexico. The index measures the performance of 20 leading Mexican companies.The components of the index are selected based on float-adjusted market capitalization and trading volumes. The Top 10 Components of the Dow Jones Mexico Titans 20 …

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Mexico Offers Excellent Value in Latin America

The S&P 500 is down 3.7% YTD as of market close Monday. Closely tracking the U.S. market is Mexico’s IPC All-Share Index which is down 4.2%. Due to the strong ties between U.S. and Mexico, the Mexican economy moves up and down in tandem with the U.S. economy.However due to weaker fundamentals Mexican investments suffer …

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