10 Best Mexican Stocks To Buy Now
With a GDP of about $1.27 trillion, Mexico is one of the notable emerging economies of the world, with strong growth prospects. The coronavirus crisis hammered the Mexican economy. Deloitte projected the country’s GDP growth in 2020 to come in at a negative 9%. However, as economic activity comes back to normal, there are signs of recovery which suggest that Mexico would be soon back on track. Deloitte said that the economy rebounded by 12.1% in the third quarter of 2020. Due to its close proximity and strong trade relations with the U.S., analysts expect that manufacturing activity in Mexico would rebound faster than its peers. For example, after registering a 100% decline by April, automobile manufacturing in Mexico rebounded sharply in October and reached 347,000 units. Similarly, wholesale and retail trade and transportation services registered annual decline of 10.3% in September, compared to a 26.5% decline annually in April.
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30 Dividend Champions of 2021 (Part II)
Dividend Yield: 1.75%
Ohio-based Lincoln Electric recently joined the list of dividend champions. The company makes welding equipment, arc welding equipment, welding consumables, plasma and oxy-fuel cutting equipment. Recently, investment firm Baird gave bullish comments for the stock amid rising demand and increasing momentum, especially in the first half of 2021. The firm raised LECO price target to $140.
As of the end of the third quarter, 30 hedge funds tracked by Insider Monkey held stakes in LECO.
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Dividend Yield: 1.88%
Switzerland-based insurance company Chubb Ltd (NYSE: CB) is one of the top 30 dividend champions of 2021. The company has increased its dividend consecutively over the last 27 years. Earlier in February, the company boosted its share repurchase program by $1 billion to a total authorization of $2.5 billion. The company also surpassed the Wall Street estimates for the fourth quarter of
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The Associated Press and Equilar, an executive data firm, recently published a list of the 10 highest-. Read More.