Bearish Bat on FMXMonthly chart of FMX
Bearish bat pattern is complete on FMX.
Price may fall to .382 Fib level ie about 100. Thereafter, it may go to .618 Fib level ie. about 80.
Key stats
About FOMENTO ECONOMICO MEXICANO SAB DE C CEDEAR 6 REPR 1 ADR
Sector
CEO
José Antonio Fernández Carbajal
Headquarters
Monterrey
Website
Founded
1890
ISIN
ARDEUT111853
FIGI
BBG000MRCKN2
Fomento Economico Mexicano SAB de CV operates as a holding company, which engages in the production, distribution, and marketing of beverages. The firm also produces, markets, sells, and distributes Coca-Cola trademark beverages, including sparkling beverages. It operates through the following segments: Coca-Cola FEMSA; FEMSA-Comercio Proximity Division; FEMSA-Comercio Health Division; FEMSA-Comercio Fuel Division; Heineken Investment; and Other Business. The Coca-Cola FEMSA segment produces, markets, sells, and distributes Coca-Cola trademark beverages through standard bottler agreements in the territories where it operates. The FEMSA-Comercio Proximity Division segment operates a chain of small-format stores in Mexico. The FEMSA-Comercio Health Division segment involves drugstores and related operations. The FEMSA-Comercio Fuel Division segment deals with retail service stations for fuels, motor oils, and other car care products. The Heineken Investment segment invests in Heineken and distributes beer in a large number of countries. The Other Business segment involves other companies and corporate activities. The company was founded by Isaac Garza, José Calderón, José A. Muguerza, Francisco G. Sada, and Joseph M. Schnaider in 1890 and is headquartered in Monterrey, Mexico.
Analyst: FOMC may think that interest rates are already restrictCoin World reported that analysts expect the Federal Reserve will continue to raise interest rates by 25 basis points to 5.25%, which marks the terminal interest rate of this round of tightening cycle. Signs of softer economic data and tighter credit could prompt the FOMC to reach a consensus that r
$FMX with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $FMX after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 33.33%.
$FMX with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $FMX after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
$FMX with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $FMX after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 77.78%.
FEMSA Esta compañia tiene mucha presencia en Mexico, en cuanto llegue la vacuna a Mexico esta empresa se recuperara muy rapido
FMX: BUYTGT: 79.5 (Positional); 90 (Mid term)
It's a clear breakout for FMX with high volume, it broke the 200 EMA and the trend line.
For midterm investment in FMX:
EPS Growth this year: 401.8%
EPS Growth last 5 years: 44%
EPS Growth next year (Forecasted): 263%
Insider ownership is around 80%
52W
What to expect from FOMC minutes The upcoming US-China trade talks are in market focus now, with the two countries continue to flex muscles. In the latest move, Washington imposed visa restrictions on Chinese officials accused of involvement in repression of Muslim populations. In turn, Beijing said the US was using the excuse of
Another busy week for investors Late last week, investor sentiment has improved somehow due to generally positive US jobs data which curbed concerns over a potential recession in the world’s largest economy after dismal manufacturing and services PMIs.
This week is going to be busy as well, with a new round of US-China trade
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