Bullish Case: FMX's rebound from a -15.7% drop in the last 90 days positions it for recovery, supported by a historical upwards trajectory and a 53.2% gain from two years ago, indicating resilence and potential for continued growth.


Bearish Case: FMX's flattening options term structure and consistent downward adjustment in price over the last 90 days reflect investor skepticism and potential underlying weakness, which could extend the downward trend.


Potential Outcomes:

1. Continued recovery, leading to price normalization (35%).

2. Further decline if market sentiments stay negative (40%).

3. Stabilization at current levels due to uncertain market conditions (25%).


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April 26, 2024


Fomento Economico Mexicano S.A.B. de C.V. Forecast

FMX        Fomento Economico Mexicano S.A.B. de C.V.
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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