Monex Financial Group hopes that the stations listed in the International Quotation System (SIC)platform of the Mexican Stock Exchange, present a net loss of 241.9% for this round of quarterly reports.
From a sample of the 240 foreign stations most representative, listed in the SIC “we would preliminarily expect for our sample of 240 issuers, an average growth in Sales, Ebitda and Net Profit of 15.7%, 10.2% and -241.9% respectively”, Monex mentions in its report.
According to its preliminary figures, the company is among the 10 issuers with the best growth expectations. General Electric, The Kroger American supermarket chain, electric car firm Tesla, oil companies Chevron and Exxon Mobilthe Metlife insurance company, to name a few.
Of the companies that have shown a better performance in the performance of their shares within the SIC so far in 2022, the retail store chain stands out Bed Bath & Beyond which rises 50.22%, the multinational energy company ConocoPhillips with an advance of 35.78 percent.
The American oil companies Chevron and Exxon Mobil also coincide, with a growth of 33.75 and 33.36% respectively, and Metalife with a 14.84% yield throughout the year.
For its part, Monex stressed that in this first quarter of the year in various US states, greater infections of Covid-19 were perceived, mainly due to the Omicron variant. In addition to this effect, the Russian invasion of Ukraine was presented during the period, which implied that various American companies terminated the business relationship with the Russian country.
Said geopolitical tension between both countries has implied significant increases in different raw materials. “The period will be key to confirm expectations for this year, remembering that in previous quarters various companies have announced important adjustments to their growth guidelines due to lower consumption,” explained the financial group.
So far in 2022, the markets have shown a negative performance and although they recovered ground at the end of March, they continue to evaluate the scenario of higher inflation, and therefore, greater movements by the FED, he added.