2024-01-24 17:07:09 ET
Summary
- The iShares MSCI Mexico ETF is a good way to gain exposure to the Mexican market, with potential upside and strong corporate earnings growth.
- The nearshoring phenomena should add more than 1% to structural GDP growth that drives industrial production and consumer demand.
- The start of an easing cycle from 11% to 9% should also add fuel to equity valuations.
- I calculate the EWW has a 14% upside and trades at 15x PE with a PEG of 1.3x.
Summary
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EWW: The Momentum Continues