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Mexico

Dead Money, the Cycle is Vicious; Wait for the Recession (PT$60)Failed mergers, an industry where consolidation and change are struggling to bring shareholders value. There's a lot to be wanting to try and keep up with the current "value" market. However, International Paper will struggle fiercely to try and impress. Lowest fib level is what demonstrates the inability of the company to break out. We've now plunged under it and there is little reason to try and capitulate on the decreased momentum to raise awareness and emotion. Let IP do what it will. Let it ride out with all the volatility in 2018. Wait for at least three catalysts this year to prop it up and let it stop bleeding in 2019 and find a decent entry point. After that, if the easy money is gone and we enter more volatility or the first strings of the recession orchestra, know that the paper and corrugated industry are eternal until we find a better medium to make a box and print. Not recession proof, but when everything is down and ALL companies still need packaging materials, your friends at IP can do little to look grand.
NYSE:IPLong
by N3utra
Capitalism or socialism for Mexico in 150 daysMexican elections will be held on 1st July and candidate Lopez Obrador is the front runner. According to Lopez Obrador: "Venezuelan democracy is better than the Mexican one." "We will revert PEMEX privatization. Oil belongs to the people." It is unknown if Lopez Obrador would convert Mexico in the next Venezuela or not, but he is already spooking investors . In the best scenario (blue star) USD/MXN could find support at ~17.4. In the worst scenario (red star) USD/MXN would increase and may find resistance at ~22.
Long
by adelriosantiago
Watch for the USDMXN breakoutThe next days will be decisive for FX_IDC:USDMXN now that NAFTA talks have officially begun . In the chart there are 4 relevant price levels (shown in bold green). And 2 short-term price levels (in thin red). If the price breaks the short-term resistance at 18.04 then we would likely see the price reaching 18.40 or even 19.28 if NAFTA negotiations don't favor Mexico. If the price breaks the short-term support at 17.48 then we may expect the price to reach the Pre-Trump support level at at 17.16. Events that would favor the first scenario would be: A full withdrawal from the NAFTA deal. While the second scenario would be more likely in the event of: A soft NAFTA "tweak". An increased feeling of a "Trump's failed agenda". An armed conflict between the US and North Korea. --- "In the business world, the rearview mirror is always clearer than the windshield. " - Warren Buffett
by adelriosantiago
Buy First Majestic Silver up to 8.20 USDIt´s been the right thing to wait with any recommendation in the mining sector. But now I feel the time is right. As explained I believe silver has a great potential over the next 8-12 months. The best way to play a multi-months rally in silver are some of the best but currently beaten down silver mining stocks. First Majestic Silver without a doubt is one of the best companies in this sector. Focused on silver production in Mexico the company is run by mining legend Keith Neumeyer. Although First Majestic has been consolidating sideways since October last year I think the stock is at a very interesting juncture. We might be a bit early to the party but the risk/reward is just phenomenal! With a stop loss at 6.50 USD and a 1st profit target at 19.00 USD the idea has an initial 1:3 risk/reward-ratio. But First Majestic could easily take out 19.00 USD and we might scale in a couple more times once the stock has clear the downtrend line at 8.20 USD.
NYSE:AG
by MidasTouchConsulting
Buy Endeavour Silver Corp. up to 3.20 USDAnother silver stock that I really like and that I have already recommended in the past is Endeavour Silver Corp.. Although Endeavour had some issues in the last couple of months I continue to believe in Bradford Cook and his team. Endeavour was one of the best performing silver stocks in the first half 2016 and should offer massive leverage in a new silver bull market. Technically the stock as corrected back to the 61.8%-retracement around 2.80 USD and is running into a bullish wedge. With a stop loss at 2.60 USD and a 1st profit target at 5.90 USD this idea has an initial risk/reward ratio of 1:7. Buy Endeavour Silver Corp. up to 3.20 USD (NSYE: EXK) Place a stop loss at 2.60 USD First profit target 5.90 USD Timeframe 6-12 months Risk/Reward 1:7.7
NYSE:EXKLong
by MidasTouchConsulting
4
CX: Interesting monthly and quarterly signals$CX is an interesting company here. I have liked the negativity surrounding Mexico, and emerging markets since Trump got elected, now we have a solid breakout on strong volume, and a potential monthly and even quarterly uptrend taking off from here. $CX has had strong growth in the past quarter and year, I think it can be a solid performer going forward. Management efficiency has been high, when compared to the average of the past 5 years. Fundamentals are solid, with a decent 5.9% earnings yield, 15% free cash flow yield, this company might be a great value play going forward. Cheers, Ivan Labrie.
NYSE:CXLong
by IvanLabrie
3
Mexican Peso: Weekly uptrend triggered, above resistanceThe Mexican Peso is now trading above the US Presidential Election key resistance level. Price could soar from here, we can enter longs and add on dips, or average in during a few days to a month. Returns are over 10% at the very least, in the coming 2-3 months. Negativity against the Peso kept many traders skeptical of this rally, all the way up. This is usually the case with any trending market. It's key to identify which are trending to ride significant moves. We can find very low risk entries using the T@M methodology created by my mentor, Tim West. Best of luck, Ivan Labrie.
Long
by IvanLabrie
4