The Mexican stock market saw a surge in materials stocks, with Cemex up 1.8% after a bullish construction report. Analysts believe investing in Mexico now could capture industrial expansion momentum, with 2024 export forecasts up 5%. “This first acquisition in Puebla is a milestone, but it’s also just the beginning,” Saldarriaga told FreightWaves in an interview. “Our goal is to reach critical mass in Mexico as part of our billion-dollar asset platform across the Americas.” While some Americans tend to see Mexico in terms of corruption, drug gangs and immigration issues, the country has a robust emerging market economy. Goldman Sachs even has its own emerging markets index called MIST. The acronym stands for Mexico (M), Indonesia (I), South Korea (S) and Turkey (T). If an investor is looking into emerging markets, there may be some good stock buys in Mexico, but it will take market research to identify them. Investing in Mexico remains attractive as corporate earnings for Q2 are showing double-digit growth in cement and energy sectors. Peso stability and firm economic activity, measured by a 3.2% GDP growth forecast, underpin equity upside potential in the next quarter.
