Mexico’s stock market is quietly having one of its best runs in years. The benchmark S&P/BMV IPC is hovering around 63,500–63,700 points, less than 2% below its recent record near 64,300 set on November 11, 2025. [1]
At the same time, the Mexican peso remains strong and the central bank, Banxico, is in the midst of a prolonged rate‑cutting cycle — even as it warns that growth in 2025 could be close to zero. [2]
Against this backdrop, investors are asking a natural question: which Mexican stocks look most compelling to buy today?
Below is an in‑depth, news‑driven look at the best Mexican stocks to watch on December 5, 2025, using the latest information on earnings, forecasts and price action. All prices and consensus figures are approximate and can change quickly.
Important: This article is for educational and informational purposes only and is not personalized investment advice. Always do your own research or speak with a professional before investing.
Mexico stock market today: IPC near highs, select stocks breaking out
Fresh daily data from the Bolsa Mexicana de Valores and multiple news outlets show:
- The S&P/BMV IPC in the last session edged up about 0.12%, supported by gains in industrials, consumer goods and consumer staples. [3]
- Official BMV statistics put the IPC around 63,500–63,700 points, with a 52‑week range near 48,800–64,400, highlighting how close the index is to record territory. [4]
- Within the index, Quálitas (Q), PINFRA (PINFRA) and Grupo Carso (GCARSOA1) were among the top gainers, with single‑day moves of roughly +3–3.5% and, in PINFRA’s case, a new historic high. [5]
In other words, Mexico’s equity market is in “risk‑on” mode, supported by falling rates and a strong peso, even while the economy slows. CME Group’s recent analysis of Mexican equity futures notes that lower local rates are driving renewed appetite for benchmark Mexican stocks. [6]
That combination — easier monetary policy, a firm currency, and index levels near records — makes stock selection especially important: you want companies still offering upside, not just names that have already run too far.
Macro backdrop: lower rates, slower growth, stronger peso
Before picking stocks, it’s key to understand the macro story investors are trading today:
- Banxico’s rate‑cut cycle:
- Growth almost stalling:
- Banxico’s latest quarterly report slashed 2025 GDP growth expectations to about 0.3%, after a contraction in 3Q25. [9]
- Vanguard now sees sub‑1% growth in 2025 as trade headwinds and U.S. tariffs bite. [10]
- The IMF is even more cautious, projecting a small 0.3% contraction in Mexico’s economy in 2025. [11]
- Peso stability:
- A Reuters FX poll this week expects the peso to stay in its decade‑long range of roughly 16–22 per U.S. dollar in 2026, with only mild weakening from current levels around 18.3–18.9. [12]
So the picture for Mexican stocks is nuanced:
- Positive: falling interest rates, contained inflation expectations, a strong currency, and a market still benefiting from near‑shoring and 2026 World Cup‑related infrastructure and consumption themes. [13]
- Risks: very slow growth (or mild recession), sensitivity to U.S. policy and tariffs, and valuations that are richer after a strong 12‑month rally in the IPC. [14]
This backdrop favors companies with strong balance sheets, pricing power and structural demand — not overly leveraged, purely cyclical plays.
How this list of “best Mexican stocks to buy today” was compiled
For December 5, 2025, we focused on BMV‑listed stocks that currently show:
- Clear fundamental momentum
– recent earnings beats or margin improvements, positive guidance or improved analyst estimates. - Current news catalysts
– new highs, post‑earnings repricing, capital allocation decisions, or structural industry shifts. - Reasonable upside vs. consensus price targets
– based on data from sources like Investing.com, TradingView, Simply Wall St and analyst reports, where available. [15] - Adequate liquidity and index relevance
– most picks are part of the S&P/BMV IPC, increasing institutional attention.
Again, this is not a guarantee of future performance, but a snapshot of the most interesting risk‑reward profiles today based on publicly available information.
Top Mexican stocks to watch now (December 5, 2025)
1. América Móvil (BMV: AMXB / AMX B) – Core long‑term telecom leader
Why it’s on the list today
América Móvil remains the anchor stock of the Mexican market and a key beneficiary of easing rates and resilient telecom demand.
- In Q3 2025, the company reported a more‑than threefold jump in net profit to around 22.7 billion pesos, driven largely by lower financing costs and strong mobile service growth. [16]
- Revenues grew about 4% year‑on‑year to roughly 233 billion pesos, with solid contributions from both mobile and fixed‑line segments. [17]
- According to TradingView and other analyst aggregators, AMX/B trades near 19.9 MXN per share, with 12‑month price targets around 21–22.5 MXN, implying single‑digit to low‑double‑digit upside, plus dividends. [18]
- Simply Wall St estimates América Móvil shares trade at a discount of roughly 7–8% to its intrinsic value, with earnings expected to grow in the low‑ to mid‑teens annually. [19]
Dividend‑wise, data from Investing.com and company investor materials indicate a dividend yield around 2.5–3.5%, helped by periodic special payments. [20]
Key catalysts
- Ongoing 5G and fiber roll‑out across Latin America. [21]
- Lower interest expenses as Banxico continues to cut rates. [22]
- Potential growth in enterprise connectivity, cloud and digital services across the region.
Main risks
- Regulatory and political risk in multiple Latin American markets. [23]
- Currency volatility (given sizeable non‑peso revenues).
- The stock is already a core holding in many funds, so upside might be moderate versus smaller growth names.
2. Quálitas Controladora (BMV: Q) – Insurance champion with earnings momentum and income appeal
Why it’s on the list today
Quálitas, Mexico’s dominant auto insurer, is one of the stand‑out winners in the IPC this week:
- Yesterday’s trading session saw Quálitas up about 3–3.5% to around 179–180 MXN, placing it among the top performers in the index. [24]
- For Q3 2025, the company reported a net income increase of roughly 51% year‑on‑year, with year‑to‑date profit up more than 40%, driven by disciplined underwriting and stronger investment returns. [25]
- MarketScreener data show forward dividend yields near 5.8% for 2025 and above 7% for 2026, highlighting its income‑stock profile. [26]
- Consensus 12‑month price targets cluster around 186–187 MXN, with highs above 210–220 MXN, suggesting modest but still positive upside from current levels. [27]
Analysts’ overall stance is “Neutral”, reflecting that the stock is no longer cheap after a strong run, but the combination of earnings growth + generous dividends keeps it attractive for income‑focused investors.
Key catalysts
- Continued premium growth as car sales normalize and the insured vehicle base expands. [28]
- Higher investment income if local interest rates stabilize at still‑elevated levels.
- Potential capital return (dividends or buybacks) if underwriting remains disciplined.
Main risks
- A spike in claims ratios (e.g., from higher accident frequency, inflation in repair costs, or major weather events).
- Competition or pricing pressure in motor insurance.
- Valuation risk if growth slows after an exceptional 2024–2025 earnings stretch.
3. Promotora y Operadora de Infraestructura – PINFRA (BMV: PINFRA) – Toll‑road play riding near‑record highs
Why it’s on the list today
PINFRA is one of Mexico’s premier toll‑road and infrastructure operators, and the stock is currently in breakout territory:
- In the latest session, PINFRA climbed roughly 3–3.3%, hitting around 259–260 MXN per share and touching fresh record levels, with a 52‑week range of about 174–267 MXN. [29]
- Recent commentary from financial media notes that PINFRA has been among the leading contributors to IPC gains, reflecting investor appetite for long‑duration infrastructure cash flows as rates fall. [30]
- Barclays’ earlier 2025 equity research used a discounted cash‑flow model with a price target of 206 MXN, implying that the stock has since overshot some prior fair‑value estimates, but also demonstrating how strong sentiment has become. [31]
- Simply Wall St projects revenue growth of roughly 4% annually but expects earnings to decline around 19% per year over the medium term, a reminder that current pricing reflects high expectations. [32]
Key catalysts
- Structural growth in vehicle traffic due to near‑shoring, logistics expansion and World Cup 2026 tourism. [33]
- Potential benefit from lower discount rates as Banxico cuts and long‑term bond yields drift lower, supporting toll‑road valuations. [34]
Main risks
- Valuation risk: after a strong rally, any disappointment in traffic or earnings could trigger profit‑taking. [35]
- Regulatory or concession risk, including tariff caps or political scrutiny of long‑term contracts.
- Sensitivity to a deeper‑than‑expected domestic slowdown affecting traffic volumes.
4. Grupo Carso (BMV: GCARSOA1) – Diversified conglomerate in a sustained re‑rating
Why it’s on the list today
Grupo Carso, the Carlos Slim‑controlled conglomerate with interests in retail, infrastructure and energy, has quietly become one of the best‑performing large caps on the BMV:
- In yesterday’s trade, GCARSOA1 gained about 2.3% to around 125–126 MXN, ranking among the IPC’s top movers. [36]
- Over the last five years, Carso’s earnings per share grew about 5.4% per year, but its share price has climbed closer to 22% annually, signaling a substantial re‑rating as investors recognize its diversified earnings base and asset quality. [37]
- The company announced plans to invest roughly $800 million in 2025 across various sectors to strengthen operations and growth prospects. [38]
- Investor relations materials indicate the company released Q3 2025 results in mid‑November, continuing its pattern of consistent operational execution. [39]
Key catalysts
- Execution of its multi‑sector investment program, particularly in energy and infrastructure businesses that can benefit from near‑shoring and elevated commodity demand. [40]
- Potential value unlocking from asset sales, spin‑offs or structural simplification of the conglomerate.
Main risks
- Conglomerate complexity can make valuation less transparent and may justify an ongoing “conglomerate discount.” [41]
- Exposure to Mexico’s domestic cycle through retail and construction if growth slows more sharply than expected.
5. Grupo México (BMV: GMEXICOB) – Mining and infrastructure play on copper and metals
Why it’s on the list today
Grupo México is one of Latin America’s mining heavyweights and also owns important rail and infrastructure assets:
- In Q3 2025, Grupo México’s net profit surged more than 50% to about $1.29 billion, on the back of strong sales of molybdenum, silver and zinc, even though copper production dipped slightly. Revenues grew about 11% and EBITDA rose around 15%, beating expectations. [42]
- The stock has been on a strong run into early December: recent trading data show GMEXICOB around 167 MXN, up roughly 13–14% over the past two weeks. [43]
- Analyst consensus compiled by Investing.com puts the 12‑month price target in the high‑140s MXN, with highs near 190–195 MXN, and a “Buy” rating from a majority of covering analysts. [44]
- Simply Wall St notes that the consensus target was nudged up recently (from about 149.4 to 150.0 MXN), reflecting slightly more optimistic earnings assumptions. [45]
Crucially, the global copper story is turning more supportive again. UBS recently lifted its copper price forecasts, citing deepening supply deficits and expects prices to rise through 2026, which structurally benefits copper‑exposed producers like Grupo México. [46]
Key catalysts
- Sustained or higher copper and by‑product prices driven by electrification, EVs, renewable energy and data centers. [47]
- Potential capex expansion in the U.S., where Grupo México is evaluating multi‑billion‑dollar investments aligned with new industrial policies. [48]
Main risks
- The share price has already moved sharply higher and may be above some valuation models; any metal price correction could hit the stock. [49]
- Political, environmental and social risks in mining operations across Mexico and Peru.
- Ongoing uncertainty around U.S. trade and tariff policy that can affect mining project economics.
6. Walmart de México y Centroamérica (BMV: WALMEX) – Defensive consumer giant after an earnings wobble
Why it’s on the list today
WALMEX is Mexico’s largest retailer and a defensive anchor stock that has just lived through a modest earnings disappointment — which can create opportunity for long‑term buyers.
- In Q3 2025, WALMEX reported that net profit fell about 9% year‑on‑year to roughly 11.75 billion pesos, largely due to higher financial costs and a one‑off accounting adjustment. [50]
- Sales, however, remained solid: revenues grew around 5%, with same‑store sales up nearly 4% in Mexico and modestly positive in Central America. The company opened 26 new stores in the quarter. [51]
- The new CEO, Cristian Barrientos, emphasized that business fundamentals remain strong despite macro uncertainty, and analysts expect top‑line growth and margin recovery into 2026 as cost pressures ease. [52]
Globally, the Walmart parent has just reported robust results and raised its outlook, underlining the group’s operational strength — and Mexico is one of its most important growth markets. [53]
Key catalysts
- Recovery in profit margins once the Q3 one‑off fades and financing costs decline in a lower‑rate environment. [54]
- Continued store expansion and growth in e‑commerce and omnichannel sales in Mexico. [55]
Main risks
- Consumer spending could weaken further if Mexico’s slowdown intensifies or unemployment rises. [56]
- Competitive pressure from other large retailers and discounters, especially if price wars intensify in a slower economy.
7. Grupo Televisa (BMV: TLEVISACPO) – High‑beta turnaround after a big 2025 rally
Why it’s on the list today
Grupo Televisa is a classic high‑risk, high‑reward turnaround story:
- Financial press in Mexico highlights Televisa as one of the top‑performing BMV stocks of 2025, with year‑to‑date gains near 50%, as the market reassesses its prospects. [57]
- Simply Wall St notes that the stock has jumped about 28% in the last month and roughly 27–30% over the past year, as investors respond to improving sentiment despite mixed revenue trends. [58]
- Recent quotes show TLEVISACPO trading near 10 MXN, with a 52‑week range of roughly 6.5–11.3 MXN, indicating that shares still trade closer to the lower half of their long‑term history despite the recent rally. [59]
Televisa is benefiting from cost cuts, asset optimization and a renewed focus on profitable content and telecom ventures, though the story is still evolving.
Key catalysts
- Successful execution of restructuring and cost‑reduction plans. [60]
- Potential monetization of non‑core assets or strategic partnerships in streaming and telecom.
Main risks
- Business fundamentals are still in transition; revenue growth is not yet robust, and earnings can remain volatile. [61]
- After a sharp re‑rating, the stock is high‑beta and likely to swing more than the market in either direction.
Other Mexican stocks worth watching
Beyond the core names above, a few additional BMV‑listed stocks stand out on many analysts’ radar screens:
- Gentera (GENTERA) – Microfinance and banking group that featured among the best‑performing BMV stocks in early 2025, supported by strong EPS growth. [62]
- Arca Continental (AC) – One of Latin America’s largest Coca‑Cola bottlers, seen as a steady consumer‑staples play with modest growth and dividend income. [63]
- Gruma (GRUMAB) – Global tortilla and corn flour leader, benefiting from long‑term demand for packaged foods and U.S. exposure. [64]
- Grupo BMV (BOLSAA) – The exchange operator itself, whose share price can benefit from higher trading volumes and capital markets activity, including new listings like Aeroméxico’s return to the BMV. [65]
- Fibra Mty (FMTY14) – A real estate investment trust (FIBRA) focused on industrial and office assets in Mexico, often cited for its stable cash distributions. [66]
Each of these has its own risk‑reward profile and may suit investors looking for mid‑cap growth, income, or near‑shoring real estate exposure.
How to invest in Mexican stocks – and manage risk
If you’re considering Mexican equities today, you generally have three approaches:
- Direct BMV stock picking
- Buying names like AMXB, Q, PINFRA, GCARSOA1, GMEXICOB, WALMEX or TLEVISACPO directly on the Bolsa Mexicana de Valores.
- This offers targeted exposure but requires local brokerage access and a higher tolerance for single‑stock risk.
- Mexican equity funds and ETFs (often traded abroad)
- Vehicles such as iShares MSCI Mexico (EWW) or closed‑end funds like The Mexico Fund (MXF) provide diversified baskets of Mexican stocks and have enjoyed strong performance in 2025, though recent research highlights concerns about a potential slowdown after a big year‑to‑date rally. [67]
- Blended regional or EM funds
- Broader Latin America or emerging‑market funds that include Mexico as a significant allocation can smooth out country‑specific risks.
Whichever path you choose, consider:
- Diversification: Avoid concentrating only in miners or only in retailers; mix defensives (WALMEX, consumer staples) with cyclicals (GMEXICOB, PINFRA) and structural growth plays (AMXB).
- Time horizon: With Banxico expecting slow growth in 2025 and a gradual recovery later, Mexican stocks may zig‑zag before trending higher. [68]
- FX exposure: International investors should factor in peso‑dollar volatility, even if consensus sees the peso staying within its established range. [69]
Key risks to Mexican stocks in 2025–2026
Before acting on any “best stocks to buy” list, weigh the main risks:
- Economic slowdown or recession – With growth expectations near zero for 2025, earnings could disappoint if domestic demand weakens more than expected. [70]
- Tariffs and U.S. policy uncertainty – New or expanded U.S. tariffs on Mexican exports could pressure near‑shoring and key industries like autos and mining. [71]
- Commodity volatility – Miners such as Grupo México are heavily exposed to swings in copper and other metals, which can be influenced by global growth and trade tensions. [72]
- Political and regulatory risk – Changes in regulation, concessions, or tax policy could impact infrastructure names (PINFRA), telecoms (AMXB) and broadcasters (Televisa). [73]
- Valuation risk – After a 24%+ 12‑month rise in the IPC, some stocks may already reflect optimistic scenarios, leaving limited room for error. [74]
Bottom line
As of December 5, 2025, the Mexico stock market is in a sweet‑but‑fragile spot:
- The IPC is near record highs, supported by lower rates and a strong peso. [75]
- América Móvil, Quálitas, PINFRA, Grupo Carso, Grupo México, WALMEX and Televisa stand out as some of the most interesting Mexican stocks to watch today, based on fresh earnings, price action and consensus forecasts.
- The macro backdrop is tricky, with very low growth but supportive monetary policy — a combination that rewards quality, cash‑generative companies and punishes overly leveraged or speculative plays.
If you’re building or adjusting exposure to Mexican equities, consider:
- Blending core blue chips (AMXB, WALMEX) with select growth and cyclical names (GMEXICOB, PINFRA, Q, GCARSOA1).
- Keeping position sizes modest in high‑beta turnaround stories like Televisa.
- Regularly revisiting the thesis as Banxico policy, U.S. tariffs and copper prices evolve over 2026.
Again, treat this as a starting point for your own research, not a final buy list — and always match your investments to your risk tolerance, time horizon and financial goals.
References
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