WMMVY - Wal-Mart de Mexico: A Bright Spot Given Mexico's Political Uncertainty
2024-07-12 08:47:03 ET
Summary
- Wal-Mart de Mexico presents a compelling opportunity for investors despite the short-term political chaos, being one of the best performing companies in the Mexican market.
- The company has invested heavily on its ecosystem and omnichannel strategy, which should translate to better margins in the future.
- The stock has the potential to return 9.19% annually over the next 10 years.
On June 2nd, the biggest election in Mexico's history took place. Claudia Sheinbaum, a protegee of current president Andres Manuel Lopez Obrador, won the election by a landslide, even though the market expected her victory, what was not expected was the magnitude of her victory, where she got 60% of all the votes and her party Morena got the majority in the House of Representatives, giving them the ability to pass major reforms....
Wal-Mart de Mexico: A Bright Spot Given Mexico's Political Uncertainty