|Bid||15.30 x 4000|
|Ask||17.00 x 1100|
|Day's Range||15.75 - 15.99|
|52 Week Range||12.00 - 19.27|
|Beta (3Y Monthly)||0.06|
|PE Ratio (TTM)||39.72|
|Forward Dividend & Yield||0.31 (2.20%)|
|1y Target Est||17.69|
Do you want to invest like real billionaires do?Most billionaires obviously have much more money to burn than the average investor. And they also have enough cash in the bank to wait things out should their stock picks turn sour.Still, given the so-called "smart money's" resources and intimate connections with some of the companies they own, it wouldn't be a crazy idea to study the top stocks that billionaires and high-asset hedge funds are plowing their long-term capital into. Rich people often get perpetually richer for a reason.Here are 50 top stocks of the billionaire class. In all cases, these companies represent major holdings (anywhere between 5% and 100% of the portfolio) of at least one ultra-wealthy person or a large hedge fund. In many cases, these stock picks are heavily owned by multiple high-net-worth individuals and/or are high-conviction picks by several fund managers. And while several of these stocks are popular blue chips, others fall far off the radar of most investors. SEE ALSO: Millionaires in America 2019: All 50 States Ranked
Moody's Investors Service ("Moody's") today assigned an A3 rating to America Movil, S.A.B. de C.V.'s ("America Movil") new USD2.25 billion senior unsecured notes. The notes will rank equally in right of payment with all other unsecured and unsubordinated debt obligations of America Movil. America Movil's A3 ratings reflect its strong business model, which is supported by the company's large scale among telecom operators globally and its extensive presence in Latin America, complemented by its majority market share of wireless and fixed-line subscribers in Mexico.
América Móvil, S.A.B. de C.V. , announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2018 , with the U.S.
America Movil, the Mexican telecoms company controlled by the family of tycoon Carlos Slim, said on Tuesday its shareholders had approved a share buyback plan worth 3 billion pesos for the period April ...
Billionaire hedge fund managers such as David Abrams, Steve Cohen and Stan Druckenmiller can generate millions or even billions of dollars every year by pinning down high-potential small-cap stocks and pouring cash into these candidates. Small-cap stocks are overlooked by most investors, brokerage houses, and financial services hubs, while the unlimited research abilities of the […]
Mexican President Andres Manuel Lopez Obrador said on Tuesday that billionaire Carlos Slim, the country's richest man, has told him he aims to retire during his administration, and has committed to helping the economy in the process. "He wants to end his business life helping economic growth and public welfare during this government," Lopez Obrador told a regular morning news conference. Arturo Elias, a spokesman and son-in-law of the 79-year-old Slim, later issued a brief statement on Twitter.
Mexican President Andres Manuel Lopez Obrador said on Tuesday Carlos Slim had told him the billionaire planned to retire during his administration, in a step at odds with the tycoon's usually discreet approach to public life. Slim, who for a time was listed by Forbes as the world's richest man, did not confirm the president's unexpected announcement, but said through a spokesman that hard work lay ahead for the two of them over the next six years. Slim was the first question of the day during Lopez Obrador's regular morning news conference, as a reporter asked if he had met the tycoon and what he thought about his plans.
Telefonica TEF is the incumbent telephone operator in Spain and, along with America Movil AMOV / AMX , it is one of two dominant operators in Latin America. Thanks to its acquisition of E-Plus in Germany, it is the largest wireless operator by number of subscribers in the country. It is also the second-largest wireless operator in the United Kingdom.
Shares in America Movil rose more than 3.5 percent in early trade on Tuesday after the Mexican telecoms firm said on Monday it would acquire 100 percent of rival Nextel's Brazil operation, strengthening ...
Mexico's America Movil, which controls telecom operator Claro in Brazil, said on Monday that it will acquire 100 percent of rival Nextel's Brazil operation, allowing for consolidation in the country's already crowded sector. Claro will pay 905 million dollars for the company, which is controlled by mobile service company Nii Holdings Inc. The company had been on sale for months, as Reuters reported in June that Nii Holdings had hired new banks as it sought a buyer.
Ratings agency Standard & Poor's (S&P) on Monday slashed the credit rating for Mexico's national oil company Petroleos Mexicanos, or Pemex, piling more pressure on the government to tighten up the debt-laden oil firm's finances. S&P followed the Pemex cut with lower credit outlooks for a range of major Mexican financial institutions and companies, including telecommunications giant America Movil and Coca-Cola Femsa, the world's largest Coke bottler.
Ratings agency Standard & Poor's on Monday slashed the stand-alone credit profile of Mexico's national oil company Pemex, piling more pressure on the government to tighten up the debt-laden state-owned oil firm's finances. S&P cut its stand-alone assessment of Petroleos Mexicanos, as Pemex is formally known, to 'B-' from 'BB-', reflecting growing concern that support pledged by the government to shore up the firm and its slowing production will not be enough. The agency also cut Pemex's outlook to negative from stable, just as it did for the Mexican government late on Friday.
Most Latin American stocks dropped on Wednesday, as shares in heavyweight Brazil ran out of steam and Mexican stocks tumbled, while Latin American currencies softened against a stronger U.S. dollar. Equities ...
Shares in Mexican billionaire Carlos Slim's America Movil tumbled more than 5 percent a day after it reported slightly better than expected fourth quarter profit that did not impress investors disappointed by weak results all year. Striking an optimistic note about the year ahead, executives on Wednesday highlighted the company's recent application for its first Mexican pay television license and forecast higher investments to grow its network. America Movil is controlled by the family of Slim, who was once the world's richest man but whose fortune was diminished by increased competition after Mexican telecommunications reforms.
America Movil reported a net profit of 10.7 billion pesos ($541.7 million) for the fourth quarter on Tuesday, reversing from losses in the year-ago period, when currency swings battered the company's results. The company, Latin America's largest telecommunications firm by number of subscribers and controlled by the family of Mexican billionaire Carlos Slim, reported revenue of 262.3 billion pesos, down slightly from 263.9 billion pesos during the year-ago period. Analysts had expected revenue to decline slightly due to the weakening of Latin American currencies against the dollar during the quarter, ended in December.
A1 Telekom Austria reported a 30 percent fall in its full-year net profit on Tuesday, hurt by investment in digitalisation, restructuring, advertising and higher taxes. Austria's leading telecommunications and data services provider, majority-owned by Mexican tycoon Carlos Slim's America Movil, said it will nonetheless propose to raise its dividend for 2018 by 1 cent to 0.21 euros per share. The company, in which the Austrian state also holds a 28.4 percent stake, said it booked a net profit of 242.7 million euros ($274.7 million) in 2018.
MEXICO CITY—Mexican telecommunications company América Móvil SAB said Thursday it has bought the Guatemalan operations of Telefónica SA, and agreed to acquire the Spanish company’s business in El Salvador. América Móvil, controlled by billionaire Carlos Slim, said it paid $333 million for 100% of Telefónica Móviles Guatemala and has agreed to pay $315 million for 99.3% of Telefónica Móviles El Salvador, which it is buying from Telefónica and several of its affiliates.
Mexico's America Movil said on Thursday it is acquiring Telefonica's operations in Guatemala for $333 million and in El Salvador for $315 million. America Movil, which is controlled by the family of Mexican billionaire Carlos Slim, said in a statement that it will acquire 100 percent of the Guatemalan business and 99.3 percent of the Salvadoran business. The transaction in Guatemala has closed, and the Salvadoran deal is pending regulatory approval, the statement added.
AUSTIN, Texas, Jan. 23, 2019 /PRNewswire/ -- Global HITSS, an América Móvil company, and SparkCognition announce a strategic alliance to expand the use of artificial intelligence applications in companies throughout 25 countries. Global HITSS, a company dedicated to driving a digital society, and SparkCognition, a global company specializing in artificial intelligence solutions, unite their capabilities and experience to support key industries in improving their operational processes, such as customer support and interaction. Global HITSS is working to drive digital transformation in 25 countries throughout the Americas and Europe.
While the winter season typically brings a festive spirit, investors have only just begun to spread the joy in the New Year. December 2018 proved to be worrisome for many investors as the major indices experienced some their worst pain in a decade. Understandably, there are still some investors who are seeking shelter from the storm. Nevertheless, risk-tolerant contrarians can use this time to consider emerging-market stocks to buy. At first glance, the notion seems ludicrous. Since the beginning of October 2018, the Dow Jones Industrial Average has hemorrhaged badly, erasing nearly 16% of market value. More critically, common wisdom indicates that the U.S. is the international bellwether. In other words, wherever the Dow goes, the rest of the world will follow. But for those looking to pick up strong companies at severely undervalued rates, emerging-market stocks represent compelling stories. Sector-based exchange-traded funds, such as the benchmark iShares MSCI Emerging Markets ETF (NYSEARCA:EEM) have suffered steep declines throughout 2018. As a result, these investments haven't lost much ground in recent months, perhaps because the worst has faded. InvestorPlace - Stock Market News, Stock Advice & Trading Tips On the flipside, the domestic markets could be due for sustained turmoil. While other international indices never quite got traction in 2018, the Dow stubbornly managed to go against the grain. At one point, it even appeared that blue chips would once again enjoy a standout year. But that didn't prove to be the case at the end of 2018. However, because many investors are still shying away from any equity class, emerging-market stocks potentially offer a path to long-term profitability. Admittedly, it's a risky play because the U.S. anchors everyone else. That said, while domestic investments might still struggle, the bad news has already been baked in for several foreign names. * 10 Stocks You Can Set and Forget (Even In This Market) For the adventurous souls, here are ten emerging-market stocks to buy: ### America Movil (AMX) Source: Shutterstock When it comes to innovations in the telecommunication industry, most of the developments center on the big guns, such as Verizon (NYSE:VZ) or AT&T (NYSE:T). Because they lever significant resources, a conservative portfolio will feature some exposure to these stalwarts. But for greater upside potential, look south to the border at America Movil (NYSE:AMX). According to the its website, America Movil is the "leading provider of integrated telecommunications services in Latin America." In addition, if you exclude Chinese and Indian consumers, the company features the largest base of wireless subscribers. Since Latin America has always represented a growth opportunity, America Movil's dominant position signals a must-buy for AMX stock. More importantly, management is aggressively implementing the technologies and infrastructure necessary for the 5G rollout. In September, the company announced that it will be the first company to offer 5G services. Verizon beat them to the punch, but that hasn't stopped America Movil from gaining a foothold in Puerto Rico. In my view, there's nothing better than emerging-market stocks with the goods to deliver. ### Cemex (CX) Source: Dan Davison via Wikimedia (Modified) For obvious reasons, the term "building" now has a sour undertone in Mexico. Nevertheless, contrarians should take a look at Cemex (NYSE:CX). Headquartered in Monterrey, CX stock offers exposure to one of the biggest building-materials firms in the world. Moreover, Cemex has a strong global presence in Central America, Europe and the Middle East. Unfortunately for shareholders, the October 2018 rout devastated CX stock over a short timeframe. Over the trailing 90 days, the company lost over 30% of its market value. While that is normally cause for serious concern, I believe Wall Street is ignoring key positives. * 10 Virtual Assistants for the Future of Smart Homes Fundamentally, management has significantly improved its stability. Throughout the middle of this decade, massive debt levels significantly impeded Cemex. Not only that, the company's net income consistently saw red ink. However, CX has turned the ship around recently, eliminating its debt and maintaining respectable growth and profitability. ### Grupo Televisa (TV) Source: Flash.pro via Flickr (modified) Like so many traditional media outlets, Grupo Televisa (NYSE:TV) suffered steep losses this year. Since the January opener, TV stock has dropped more than 33%. Admittedly, Grupo Televisa is one of the riskiest emerging-market stocks to buy. As we all know, the cord-cutting phenomenon has negatively impacted American media giants like Comcast (NASDAQ:CMCSA). But Latin American audiences have particularly gravitated towards streaming entertainment. For instance, Mexico binge-watched the most content on Netflix (NASDAQ:NFLX) in 2017. So why take a shot on TV stock? For one thing, the company wields two powerhouse channels in Univision and Telemundo. Both are obviously very popular in Central America, but they also facilitate a path toward Spanish-speaking U.S.-based audiences. Another important factor is demographics. Mexico has a growing and young population, which makes them an obvious marketing target. In addition, Generation Z leans strongly Hispanic. These two tailwinds should eventually lift TV stock to a surprising turnaround. ### Wal-Mart de Mexico (WMMVY) Source: Mike Mozart via Flickr Generally speaking, Walmart (NYSE:WMT) provides a reasonably stable investment during bull markets and lean cycles. While broader volatility can impede any name, a big-box retailer offers a convenient platform for essential household goods. So if you like "Wally World," you should consider adding Wal-Mart de Mexico (OTCMKTS:WMMVY) among your stocks to buy. As I mentioned earlier, Mexico's demographic is a goldmine for advertisers and virtually all businesses. This is because percentage-wise, Mexico has very few old people, who are unlikely to shop for the latest trends. Instead, the majority of Mexicans (40.5%) fall under the 25 to 54 years age group. Moreover, nearly 28% are aged zero to 14 years. * 7 Dow Jones Stocks Set to Charge Higher In other words, Mexican retailers can expect a constant flow of recurring consumers over the next several decades. Logically, WMMVY stock stands to benefit handsomely from this favorable dynamic. ### TIM Participacoes (TSU) Source: Rodrigo Soldon Via Flickr Thanks to its blistering speed, the upcoming 5G network opens the door for multiple applications. As a major player in the Brazilian telecom industry, TIM Participacoes (NYSE:TSU) is a prime pick among emerging-market stocks. Recently, I featured TSU stock for its broad coverage, writing: "The underlying company was the first mobile operator to establish a presence in all Brazilian states. Currently, TIM has 56.2 million customers under its belt, and 33.1 million are 4G customers. Overall, the telecom firm has a 24% market share in its home market." But especially under this current context, we should note that TSU stock absorbed significant pain in the first half of 2018. Since mid-September 2018, though, shares have not only stabilized, but they have steadily gained traction. I anticipate this trend to continue as we go through 2019. In recent years, management has focused on paying down debts and instilling fiscal discipline. Their improved profitability should endear them to investors looking for some predictability. ### Cosan (CZZ) Source: Shutterstock It's no secret that many emerging-market stocks benefit from rising energy and commodity prices. Usually, rapidly developing nations leverage their natural resources to gain a leg up on the competition. But with broader weakness cratering most industries, energy and agricultural firm Cosan (NYSE:CZZ) appears a lost cause. However, the markets might be signaling a possible recovery. After nearly halving from this year's high, CZZ stock is on a veritable comeback trail. Since mid-September, shares have gained a very impressive 28%. Additionally, CZZ is charting a series of higher lows, suggesting nearer-term upside. * 7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns But regardless of what happens over the next few weeks, I believe Cosan is a long-term winner. CZZ stock features exposure to the natural gas distribution business, where the underlying industry could continue to rise based on geopolitical pressures. Furthermore, its ethanol division aligns with society's push for alternative-fuel sources. ### VanEck Vectors Vietnam ETF (VNM) Source: Shutterstock Among emerging-market stocks, the Vietnamese investment sector represents a radical paradigm-shift for the better. Long associated with the tumultuous Vietnam War, the Southeast Asian country has become a vibrant center for commerce. While individual opportunities remain limited for Americans, interested parties should consider the VanEck Vectors Vietnam ETF (NYSEARCA:VNM). I can probably write a book about the importance of Vietnam, and by logical deduction, the VNM fund. Primarily, the country is a critical counterweight to China's dominance. Unless you've been living under a rock, you know that our relations with the world's second-biggest economy is frayed. More worryingly, we apparently have a Presidency unwilling to assert American influence in critical global affairs. Fortunately, the Vietnamese government have their own problems with Chinese aggression. As the old saying goes, the enemy of my enemy is my friend. Second, Vietnam features a triangular population pyramid. This simply means that the country's elderly population represent a much smaller share. More importantly, the younger adult populace, or those aged between 25 to 30, have the biggest share. As such, you can expect this Southeast Asian powerhouse to lever tremendous influence over the next few decades. ### iShares MSCI Malaysia ETF (EWM) Source: Shutterstock The iShares MSCI Malaysia ETF (NYSEARCA:EWM) offers an intriguing opportunity for the hardened contrarian. In mid-August 2018, analysts maintained a neutral outlook on Malaysian markets due to a balanced risk-reward ratio. However, these same folks noted that valuations looked attractive. Since then, the EWM has dropped roughly double-digit percentage points. Moreover, the fundamentals haven't changed that much. What really spooked the Malaysian markets is geopolitical concerns involving the China trade war. While this event is obviously a worrisome headwind, it's nothing new. The EWM had previously cratered earlier in 2018 due to deteriorating U.S.-China relations. Evidence suggests, though, that the positives may be taking over the narrative. Malaysia had recently undergone a governmental change. The new administration is working hard to implement all its election promises. So far, Malaysian insiders have noted a slowing in the volatility. * 7 High-Risk Chinese ETFs to Avoid ... For Now Although anything can change this year, the EWM presents an underappreciated upside prospect. ### Emerging-Market Stocks to Buy: Infosys (INFY) Source: Shutterstock Just for the sheer fact that India boasts the second-biggest population in the world, the country offers a natural place to search for emerging-market stocks to buy. Thanks to its burgeoning economy, American investors today have an ample choice of individual names to pick. During this down period, I'd take a long look at technology firm Infosys (NYSE:INFY). Buying INFY stock brings exposure to the company's core divisions of business consulting, information technology and outsourcing. Unlike other sector names, though, INFY features stout fundamentals. For starters, Infosys enjoys an A+ balance sheet: management is sitting on $3.5 billion in cash, and has zero debt. Second, INFY has excellent growth and profitability metrics, along with consistently stable free cash flow. Of course, that hasn't helped INFY stock from taking some losses this year. Since the beginning of September, shares are down 12%. Still, the company hasn't made fresh lows since late October, providing hope for a turnaround. ### VanEck Vectors Africa Index ETF (AFK) Source: Shutterstock On the surface level, the African continent seemingly offers an ideal environment for emerging-market stocks to buy. The region is rich with natural resources. Moreover, several African countries feature massive population growth rates. So long as economic development keeps pace, the area can become a goldmine on multiple levels. Unfortunately, that's not occurring due to widespread corruption and administrative mismanagement. So while I want to confidently buy into the VanEck Vectors Africa Index ETF (NYSEARCA:AFK), it remains a highly speculative venture. Adding to the risks is South Africa. The country is on course to repatriate white-owned land and distribute among black South Africans. While I don't want to get into the racial component of this story, the economic threat is rather pernicious. If the government can forcibly take private land -- a fundamental human right -- commerce will inevitably collapse. Worse yet, Zimbabwe attempted similar measures to devastating results. Their ridiculous hyperinflation became an internet meme, and they're still recovering from the damage. So why mention AFK? First, if cooler heads miraculously prevail, AFK could skyrocket. Second, other African countries could potentially pick up the slack. After all, the continent offers viable platforms for commodities and energy extraction. * 10 Top Stock Picks From the Street's Best Analysts Just be careful as AFK is one of the riskiest funds available. As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy for Winning the Online Battle * The 7 Best Stocks in the Entrepreneur Index * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 10 Key Emerging-Market Stocks to Buy for Contrarian Investors appeared first on InvestorPlace.