Tag Archives: CX
Emerging market stock of the day: Cemex
Mexican building materials firm Cemex (CX, quote) took the first necessary steps this week to refinance a loan and help emerge from a crippling debt that has seen the stock drop significantly over the past few years.
Trading The Globe Today: where to for emerging markets?
Join Tim Seymour on CNBC at 10:20 a.m. today, as Tim discusses a mixed bag for commodities which are tied to emerging markets fortunes, housing and construction data for the U.S. and China, and how soaring grain prices may result in export quotas to further limit supply.
IPC index of the Mexican stock exchange offers gateway to Latin America
The IPC index of the Mexican stock exchange, the Bolsa Mexicana de Valores (BMV), is the primary stock index for the country’s only bourse. You might think of it as Mexico’s S&P 500.
Showdown in Congress threatens Cemex profits
In bad news for Cemex (CX, quote), the U.S. Congress failed, yet again, to approve transportation funding set to expire June 30. Democrats have drawn a line against Republicans in both houses seeking to attach approval to the Keystone XL oil pipeline and other reforms to the bill.
Ratings upgrade: Mexico set to outperform
The 7.6% drop in the Mexican peso this month may be a blessing in disguise for investors in the country’s equities.
The outlook for Latin America? Unbalanced growth
As first quarter data starts to come in on corporate profits and economies, investors may want to reevaluate their positions within emerging markets.
Value investors should take a second look at Cemex
In the value school of finance propounded by Benjamin Graham and Warren Buffett, investors seek out companies that are selling for less than the value of their assets.
The coming Mexican housing boom
Mexico’s inflation subsiding to just 3.7% and a more stable banking environment will allow the country’s largest mortgage provider to offer fixed-rate loans for the first time in June. The state-controlled Infonavit will offer 30-year mortgages to homeowners and plans to issue mortgage-backed securities (MBS) in pesos next year.
Mexico: the Goldilocks risk/reward zone of Latin America?
Recent economic data out of Mexico left me thinking that recent outperformance may be short-lived. I still think that Mexican equities will underperform other LatAm opportunities this year, notably Brazil and the Andean region, but I want to qualify the outlook with a discussion on risk.
