Walmex, Grupo Mexico, ICA, Gerdau, AmBev: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Wal-Mart de Mexico SA (WALMEXV MM): Latin America’s largest retailer plans to rent five buildings from Mexican supermarket chain Super Chalita SA to add stores in the cities of San Luis Potosi and Matehuala, the company said yesterday in a statement to the Mexican exchange. Walmex shares fell 36 centavos, or 0.7 percent, to 52.22 pesos.
Grupo Mexico (GMEXICOB MM): Copper futures for December delivery rose 3.8 cents, or 2.2 percent, to $1.7365 a pound on the Comex division of the New York Mercantile Exchange, the fifth gain in six sessions. Shares of Mexico’s largest copper producer rose 87 centavos, or 4.4 percent, to 20.73 pesos.
Empresas ICA SA de C.V. (ICA* MM): ICA was rated new “buy'’ yesterday by Carlos Peyrelongue, an analyst at Merrill Lynch. Shares of Mexico’s largest construction company rose 10 centavos, or 2.4 percent, to 4.20 pesos.
Grupo Cementos de Chihuahua SA (GCC* MM): The Mexican regional cement maker based in the northern city of Chihuahua paid $58.6 million for a minority stake in Bolivia’s largest cement maker, the company said yesterday in a statement. The shares rose 50 centavos, or 1.8 percent, to 28.50 pesos.
More: bloomberg.com
Grupo Mexico, Acindar, CPFL, Grendene: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Mexico SA (GMEXICOB MM): Asarco LLC, the U.S. mining unit of Grupo Mexico SA, said it will hire hourly employees to replace union workers after talks failed to end a 10-week strike at copper mines and plants in Arizona and Texas. Grupo Mexico shares fell 34 centavos, or 1.8 percent, to 19.01 pesos.
Vitro SA (VITROA MM): Rising international natural gas prices
Grupo Mexico, Axtel, Gol, Tractebel: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Mexico (GMEXICOB MM): Mexico's antitrust agency may block Grupo Carso SA, the Mexican industrial group controlled by billionaire Carlos Slim, from selling its railroad to copper producer Grupo Mexico SA, said Eduardo Perez Motta, president of Mexico's Federal Competition Commission yesterday. Grupo Mexico, which operates the Mexican railroad Ferromex, announced on Nov. 25 it agreed to buy Ferrosur SA in exchange
Televisa, Grupo Mexico, Petrobras: Latin America Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Grupo Televisa SA (TLEVICPO MM): The world's largest producer of Spanish-language television programming said yesterday it hasn't made an agreement with a third party to buy Univision Communications Inc., contrary to media reports. The shares rose 96 centavos, or 2.3 percent, to 42.27 pesos.
Grupo Mexico SA (GMEXICOB MM): Copper rose for a third consecutive session in London yesterday after global inventories of
Bradesco, Petrobras, Grupo Mexico, Geo: Latin Equity Preview
Mexico's largest homebuilder by market value is the best performer in the country's benchmark stock index this year to date, with a 66 percent gain. The shares fell 10 centavos, or 0.3 percent, to 36.90 pesos yesterday.
America Movil SA (AMXL MM): Latin America's largest mobile- phone company have gained 63 percent this year, the second-best performance on the Mexican stock index after Geo. The shares fell 3 centavos, or 0.2 percent, to 15.86 pesos yesterday.
Grupo Mexico SA (GMEXICOB MM): Copper, Grupo Mexico's main product, rose to a record 41,970 yuan
Bimbo, Grupo Mexico, Embraer: Latin American Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Bimbo SA (BIMBOA MM): Jose Angel Montano, an analyst with BBVA Bancomer wrote in an Oct. 14 report that increased efficiency in the third quarter would probably allow the company to earn 50 centavos more for every 100 pesos in sales, after subtracting the cost of goods sold, compared with a year earlier. Latin America's largest bakery is scheduled to report third-quarter
Grupo Mexico, ICA, Vale do Rio, Ultrapar: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Empresas ICA SA (ICA* MM): Mexico's second-largest construction company fell for a second day, declining 21 centavos, or 0.8 percent, to 25.35 pesos. ICA paid $203 million for 36 percent of Grupo Aeroportuario Centro Norte, said ICA Chief Financial Officer Jose Guerrero on Dec. 23, giving the company control of the airport operator that administers 13 airports in Mexico.
Grupo Mexico
Telmex, Grupo Mexico, Dasa, Renner: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Telefonos de Mexico (TELMEXL MM): Latin America's largest fixed-line telephone company cut the fee on calls to mobile telephones for a second straight year as part of an agreement with Mexican regulators. The shares closed unchanged yesterday at 13.68 pesos.
Grupo Mexico SA (GMEXICOB MM): Copper prices fell from a record in New York after inventories in warehouses monitored by the London
Grupo Mexico, Usiminas, Brasil Telecom: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
TV Azteca SA (TVAZTCPO MM): Mexico's second-largest television broadcaster yesterday said its Azteca America unit, which serves the Spanish-speaking market in the U.S., signed an agreement with Comcast Corp., the world's largest cable- television provider. The agreement will allow Azteca America to offer programming through Comcast's network in the U.S., TV Azteca said in a statement to the Mexican exchange. TV Azteca shares
Asur, Grupo Mexico, Vale do Rio, Usiminas: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Aeroportuario del Sureste SA (ASURB MM): The operator of nine Mexican airports plans to spend $150 million to add a new terminal and runway to its airport in the resort city of Cancun, the Mexican Transportation Ministry said in an e-mailed statement yesterday. The Mexico City-based company, known as Asur, will spend $100 million to build a third terminal
Grupo Mexico, America Movil, Braskem: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Commodity prices yesterday had their biggest drop in seven months after a drop in oil prices eased the threat of inflation. Copper for March delivery dropped 5.2 cents, or 2.2 percent, to $2.278 a pound on the Comex division of the New York Mercantile Exchange, the biggest decline since Dec. 14. Prices earlier reached a record $2.339. The shares of the world's fourth-largest
