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InvestorPlace’s 10 Best Stocks of 2013: Mid-Year Standings

It's a tight race, including two ties in the top five

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#5 (tie): Femsa

Q2 Return: -9%
YTD Return:
Investor: Jon Markman

Jon Markman — a contest veteran — started off the year strong. His pick of Mexico-based Fomento Economico Mexicano (FMX) — commonly known as Femsa — was the leader a month in, then slightly slipped to second by the end of Q1.

After hitting a 52-week high in mid-April, though, the stock started to pull back. And when the company reported worse-than-expected bottom-line results for Q1 2013 not long after, things only got worse. Factoring in its May dividend, FMX’s first-half total return is a mere 3%.

It’s been regaining some momentum lately, though. FMX improved by 10% last week — and could be set to keep going if Markman is right about the company’s strong prospects for growth.

Article printed from InvestorPlace Media,

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