This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

4 Mexican Stocks Rallying As Joe Biden Visits

Stocks in this article: GMK IBA MXT TV

President Peña Nieto has also introduced energy and  tax reforms, which the OECD commended despite being unaware of the details: “The administration’s ambitious structural reform program – which includes telecommunications, energy and fiscal reforms – will raise sustainable long-term growth prospects.”

Investing ideas

While President Peña Nieto’s reforms are promising for future growth, the status of the country’s short term growth is less clear. This inspired us to look for companies that are presently performing well with indicators of upside potential.

To begin, we constructed a universe comprised of Mexican stocks traded on US exchanges. We then screened for stocks that are rallying above their 20-day, 50-day, and 200-day moving averages (MA), which indicates that these stocks have strong upward momentum.

Next, we decided to incorporate a metric that analyzes past performance, in order to give some context for the stocks’ upward momentum. By screening for stocks that have outperformed over the last quarter, with over 15% return, we’ve isolated the firms that have done well in the past and may continue to do well.

We were left with four stocks on our list.

Click on the interactive chart below to see data over time. 

Do you believe these stocks have upside potential? Use this list as a starting point for your own analysis.

1. Maxcom Telecomunicaciones S.A.B. de C.V. ( MXT): Provides voice and data services to residential and small and medium-sized business customers in Mexico.

Market cap at $321.57M, most recent closing price at $2.87.

Performance over the last quarter at 61.93%.

The stock is currently rallying 3.78% above its 20-day MA, 4.35% above its 50-day MA, and 19.13% above it 200-day MA.

2. Industrias Bachoco S.A.B. de C.V. ( IBA): Operates as a poultry producer in Mexico.

Market cap at $2.1B, most recent closing price at $41.25.

2 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs