Fast Money's Mexico Stock Picks
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Date updated:04-08-2008

The crew spoke with Tim Seymour about a possible Mexico trade. Seymour said that Mexico's market is rallying thanks both to fundamental and technical factorsAs of April 1st the Mexican pension funds are able to double their equity allocations from 15% to 30%. That means an additional $2.3 billion could be coming into Mexico’s stock markets.

symbol name last price % change open
  • +
  • EWW
    Ishare Msci Mexic
  • $27.71
  • -10.99%
  • $29.68

Mexico priced in the US recession. The iShares MSCI Mexico Index (EWW) is trading at about a 14 multiple. So relative to the other emerging markets I think it looks interesting. - Tim Seymour Najarian cautioned viewers that 50% of the iShares MSCI Mexico Index (EWW) ETF is in three stocks.

People owning EWW also tend to own: IFNTMRFXAEEBJSCFIMXCGMRXEWG

TheStreet.com Rating: No Rating What is this?

  • +
  • ICA
    Empresas Ica Soc
  • $4.82
  • -14.39%
  • $5.43

You could look at Empresas ICA (ICA) as an infrastructure play.

People owning ICA also tend to own: ACGYCBHEPGGIEDUOHIPFSD.OB

TheStreet.com Rating: D+ What is this?

  • +
  • HMX
    Hartmarx Cp
  • $0.5802
  • -4.89%
  • $0.62

Homex (HXM) as a homebuilder..

People owning HMX also tend to own: ANGOANIKBRLIENGGCOMGPXHGRD

TheStreet.com Rating: D What is this?

  • +
  • CX
    Cemex Sab De Cv A
  • $6.77
  • -11.27%
  • $7.05

A drop for Cemex (CX) is likely a buying opportunity, Seymour said.

People owning CX also tend to own: AAADPAVPBACBRK-BBUDCSCO

TheStreet.com Rating: C What is this?

  • +
  • AMX
    America Movil
  • $28.97
  • -12.53%
  • $31.96

He also recommended America Movil (AMX).

People owning AMX also tend to own: AMATAMTBIDUFMCNKRYRACKSTP

TheStreet.com Rating: C+ What is this?

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