If BWMX closes above $15 at expiration on September 15, we would earn $0.75 per share on $14.25 at risk, or 5.26%. That would be an annualized return of 87.3% over a holding period of 22 days.
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Mexican Economic Development Inc (FMX): Price Now Near $73.34; Daily Chart Shows An Uptrend on 100 Day Basis
The Hourly View for FMX
Currently, FMX’s price is up $1.17 (1.62%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment meaning the trend across timeframes is inconsistent, indicating a potential
10 Best Mexican Stocks To Buy Now
With a GDP of about $1.27 trillion, Mexico is one of the notable emerging economies of the world, with strong growth prospects. The coronavirus crisis hammered the Mexican economy. Deloitte projected the country’s GDP growth in 2020 to come in at a negative 9%. However, as economic activity comes back to normal, there are signs of recovery which suggest that Mexico would be soon back on track. Deloitte said that the economy rebounded by 12.1% in the third quarter of 2020. Due to its close proximity and strong trade relations with the U.S., analysts expect that manufacturing activity in Mexico would rebound faster than its peers. For example, after registering a 100% decline by April, automobile manufacturing in Mexico rebounded sharply in October and reached 347,000 units. Similarly, wholesale and retail trade and transportation services registered annual decline of 10.3% in September, compared to a 26.5% decline annually in April.