Sell Alert
Fomento Economico Mexicano (FMX)
from Blue Chip Growth, recommended at $109 in Investment Digest issue 735, dated January 23, 2013.
I recommend you sell Fomento Economico Mexicano (FMX) [now]. I was disappointed with this stock and looking to sell it on a bounce as it approached its next earnings announcement. And I’m happy to say that in the three weeks since that last update, the stock has rebounded over 11%. So let’s take advantage of this near-term strength to unload FMX and focus on better buying opportunities. If you added FMX at the time of my original recommendation you should be just about breaking even.
Louis Navellier, Blue Chip Growth, www.bluechipgrowth.com, 800-718-8289, October 2013