Top Mexico Stocks

It is interesting to note that Mexico has a higher credit rating than the US
from Weiss Ratings , according to a report released a few months ago. In
addition, the Bank of Mexico, the country's central bank, purchased 100 tons of
gold earlier this year. Mexico is one of the twelve largest economies in the
world, and is the ninth largest holder of US debt. With a growing economy and an
expanding middle class, investors are taking a look at companies below the
border. Many Mexico stocks pay dividends , and most of those trade on the New
York Stock Exchange, according to WallStreetNewsNetwork.com. One high yield
Mexican stock is Grupo Aeroportuario Centro Norte (OMAB), which participates in
the growth of the travel industry by operating airports in the central and
northern regions of Mexico. The stock, which trades on NASDAQ, has a 4.3% yield,
and a forward price to earnings ratio of 14. Telefonos de Mexico (TMX), also
known as Telmex, pays a high dividend of 2.6%. The company, which owns 90
percent of the telephone lines in Mexico city, trades at 13 times forward
earnings. Fomento Economico Mexicano (FMX) is a beverage distributor of Coca
Cola brands in Mexico along with several other Latin American countries
including Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Brazil,
and Argentina. The stock sports a yield of 1.8% and sells for 16 times forward
earnings. If you want to see a free list of all the major Mexico stocks that
trade in the United States, several of which have yields greater than 3%, go to
WallStreetNewsNetwork.com. The list can be downloaded, sorted, and updated.
Disclosure: Author did not own any of the above at the time the article was
written. By Stockerblog.com