Mexico ETFs face worst day in 4 years after election’s result spooks investors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2024
0mins
Source: MarketWatch
- Exchange-traded funds Decline: ETFs tracking Mexican equities faced a significant drop, the largest in over four years, due to concerns following Claudia Sheinbaum's victory in Mexico's presidential election.
- Investor Concerns: Investors are worried that Sheinbaum's party's landslide win may result in constitutional changes, leading to uncertainty in the market.
- Sheinbaum's Victory: Claudia Sheinbaum made history by becoming Mexico's first-ever woman president.
- Impact on Market: The election outcome has sparked fluctuations in the Mexican stock market and raised questions about potential policy shifts.
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Analyst Views on COMP
Wall Street analysts forecast COMP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for COMP is 11.25 USD with a low forecast of 8.00 USD and a high forecast of 13.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
6 Buy
1 Hold
0 Sell
Strong Buy
Current: 13.330
Low
8.00
Averages
11.25
High
13.00
Current: 13.330
Low
8.00
Averages
11.25
High
13.00
About COMP
Compass, Inc. provides an end-to-end platform that empowers its residential real estate agents to deliver service to seller and buyer clients. Its platform includes an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services and other critical functionalities, all custom-built for the real estate industry. Its platform also uses proprietary data, analytics, artificial intelligence, and machine learning to simplify the workflows of agents and deliver recommendations and outcomes for both agents and their clients. It also provides integrated services, such as title and escrow and mortgage, both of which are available on its platform. Its Glide tools, which include completion of various real estate forms and offer preparation and eSignature and collaboration capabilities, are offered to non-Compass agents and their clients. Business Tracker provides agents with a centralized view of their entire business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
