Covering the Mexican Economy, Actinver Research

Actinver

Covering the Mexican Economy

Actinver Research

Actinver is a mexican leading financial group, that generates well being for individuals and companies through advisory services that provides investment management to maintain and grow their wealth.

Equity Bottom-Up

BBB Foods Inc. operates as a holding company. The Company, through its subsidiaries, retails packaged foods, beverages, tobacco, personal care, house cleaning, and healthcare products. BBB Foods serves customers in Mexico.

<ul><li>In the midst of a challenging consumption environment in Mexico, companies have remained competitive by balancing pricing strategies and strict cost control.</li><li>As expected, consumers continue to trade down, supporting strong momentum for private-label products.</li><li>Within this context, the hard-discount format has accelerated, and Tiendas 3B stands out through strong store openings and solid SSS performance.</li></ul>

In the midst of a challenging consumption environment in Mexico, companies have remained competitive by balancing pricing strategies and strict cost control.As expected, consumers continue to trade down, supporting strong momentum for private-label products.Within this context, the hard-discount format has accelerated, and Tiendas 3B stands out through strong store openings and solid SSS performance.

Actinver Research - TBBB: Big, Bold, and more than Branding (Coverage Initiation)

Market Strategist, RW Advisory

Ron William

Market Strategist

RW Advisory

RW Advisory, founded by Ron William, a market strategist with 20+ years of experience, offers macro/tactical research and advisory to a wide range of financial institutions.

Cross Asset Strategy

<ul>
<li>US equities triggered key reversal signals as market breadth deteriorated, crowded AI leaders unwound, and indexes broke trend support, elevating near-term downside risk. </li>
<li>Macro uncertainty, tighter liquidity, and shifting investor psychology are pressuring high-liquidity growth assets, while gold and quality balance-sheet exposures provide relative resilience. </li>
<li>Multiple late-cycle timing models align into early 2026, raising the probability of episodic volatility and making disciplined positioning, selective risk-taking, and tactical hedging essential.</li>
</ul>


US equities triggered key reversal signals as market breadth deteriorated, crowded AI leaders unwound, and indexes broke trend support, elevating near-term downside risk. 
Macro uncertainty, tighter liquidity, and shifting investor psychology are pressuring high-liquidity growth assets, while gold and quality balance-sheet exposures provide relative resilience. 
Multiple late-cycle timing models align into early 2026, raising the probability of episodic volatility and making disciplined positioning, selective risk-taking, and tactical hedging essential.


Late-Cycle Tension: Rising Volatility Signals a Critical Market Inflection into 2026

Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

Betterware de Mexico Sab de CV / Equity Bottom-Up

Betterware de Mexico SAB de CV sells household products. The Company offers furniture, sink, electronics, utensils, laundry equipment, cleaners, bath accessories, personal care, and other goods. Betterware de Mexico serves customers in Mexico.

<ul><li>We are reiterating our Buy rating, projections and $22.50 price target for Betterware de Mexico after reviewing the December catalog.</li><li>With the Holidays in full force, management has remained focused on driving higher overall returns and offering proven and winning items.</li><li>December was another month of lower YoY SKUS, reduced discounting and near record average SKU pricing.</li></ul>

We are reiterating our Buy rating, projections and $22.50 price target for Betterware de Mexico after reviewing the December catalog.With the Holidays in full force, management has remained focused on driving higher overall returns and offering proven and winning items.December was another month of lower YoY SKUS, reduced discounting and near record average SKU pricing.

BWMX: Snapping the Catalog: Remaining Focused on Returns; Reiterate Buy, PT

Independent in-depth research from Finimize, Finimize

Finimize Research

Independent in-depth research from Finimize

Finimize

Finimize is the #1 information platform for modern investors. We empower people to become smarter investors with bitesize insights from world-class analysts. 1 million+ strong community, 250 partners.

<ul>
<li>This neat and tidy method can deliver crisis protection and smoother returns to your portfolio, using just four ETFs and a once-a-month adjustment</li>
<li>When markets are choppy, it’s natural to reach for forecasts, hot takes, and the thing everyone’s talking about. </li>
<li>But sometimes the smartest move is also the simplest: following the trend. Here’s a neat and tidy way to keep your portfolio in line with where the prices are heading.</li>
</ul>


This neat and tidy method can deliver crisis protection and smoother returns to your portfolio, using just four ETFs and a once-a-month adjustment
When markets are choppy, it’s natural to reach for forecasts, hot takes, and the thing everyone’s talking about. 
But sometimes the smartest move is also the simplest: following the trend. Here’s a neat and tidy way to keep your portfolio in line with where the prices are heading.


The Stupidly Simple Trend-Following Strategy That Actually Works

Macroeconomics

<ul>
<li>During October, exports continued to show solid momentum, expanding 14.2% yearon-year, supported by Mexico’s sustained competitiveness in international trade.</li>
<li>This performance was accompanied by a 15.7% annual rebound in intermediate goods imports, suggesting stronger demand for inputs from the manufacturing sector amid expanding external demand.</li>
<li>The trade balance posted a surplus of USD 606 million in October, outperforming our projection of a USD 455 million deficit and the consensus forecast of a USD 589 million deficit.</li>
</ul>


During October, exports continued to show solid momentum, expanding 14.2% yearon-year, supported by Mexico’s sustained competitiveness in international trade.
This performance was accompanied by a 15.7% annual rebound in intermediate goods imports, suggesting stronger demand for inputs from the manufacturing sector amid expanding external demand.
The trade balance posted a surplus of USD 606 million in October, outperforming our projection of a USD 455 million deficit and the consensus forecast of a USD 589 million deficit.


Actinver Research - Macro Daily: Mexican Exports Grow at the Fastest  Pace of the Year