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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

71% of retail investor accounts lose money when trading CFDs with this provider.

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Grupo Elektra Stocks

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About

History

Competitors

About

History

Competitors

Grupo Elektra SAB DE CV (ELEKTRA.MX) is a leading Mexican company in the retail and financial services sectors, with a current market cap of 249.96 billion MXN as of 26th June 2023. Founded in 1950 by Hugo Salinas Rocha, the company has grown significantly over the years, expanding its operations throughout Latin America.

It primarily operates through two business segments: commercial and financial. The commercial segment includes the sale of various products such as electronics, appliances, and furniture, while the financial segment offers banking services, consumer loans, and insurance through Banco Azteca, a subsidiary of Grupo Elektra. The company went public in 1997, listing its shares on the Mexican Stock Exchange (BMV) under the ticker symbol ELEKTRA.MX.

Over the past five years, Grupo Elektra has reached notable highs and lows. The stock peaked at 1,650.08 MXN in May 2021, while its lowest point was 509.99 MXN in July 2018.

To better understand its price history and make informed investment decisions, traders can utilize various tools and indicators. Technical analysis techniques, such as Moving average envelopes, Average True Range (ATR) and Elliot Waves, may help identify trends, support and resistance levels, and potential entry or exit points. Additionally, fundamental analysis, including economic indicators and company-specific information, may also provide insights into the overall health of the retail and financial sectors, as well as Grupo Elektra's performance.

By combining these analytical methods with a thorough understanding of Grupo Elektra's share price history, investors may better navigate the market and make more informed decisions about their investments in this prominent Mexican company.

Before trading Grupo Elektra SAB DE CV (ELEKTRA.MX) stock, it's essential to evaluate its competitors in the retail and financial services sectors to gain a comprehensive understanding of the investment landscape. Some notable companies worth considering are:

  • Fomento Economico Mexica UBD (FEMSAUBD.MX): A leading beverage and retail company operating OXXO convenience stores, Coca-Cola FEMSA, and various other businesses in Latin America.
  • Walmart De Mexico SAB (WALMEX.MX): A subsidiary of Walmart Inc., this company operates a chain of retail stores, including hypermarkets, supermarkets, and discount stores in Mexico.
  • Grupo Financiero Banorte (GFNORTEO.MX): A major financial services group in Mexico, providing banking, brokerage, insurance, and asset management services.

By analyzing these competitors and their performance, investors may better understand the dynamics of the retail and financial markets, identify potential opportunities, and make informed decisions when trading Grupo Elektra SAB DE CV stock.

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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.

CFDs
Equities
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Capitalise on rising prices (go long)

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Capitalise on falling prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset

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No commissions
Just low spreads

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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