Mexican stocks rose on Monday, boosted by gains in shares of telecommunications bellwether America Movil and mining companies.
Meanwhile, word from the Institute for Supply Management that the service sector of the U.S. economy did not contract in April was received as positive news. Mexico sends around 80 percent of it exports to its northern neighbor.
I think conditions in Mexico are ideal for growth, says Tim Seymour Fast Money’s favorite emerging markets specialist. Low interest rates combined with low inflation have created an environment where the housing and infrastructure sectors are experiencing fantastic business.
Look at Cemex , America Movil, Homex, and Walmex (a division of Wal-Mart), he counsels.
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