Discovery's Citrone says America Movil is his top stock name

America Movil SAB de CV

14/05/2025 21:43

NEW YORK, May 14 (Reuters) - Discovery Capital's founder Rob Citrone said on Wednesday his favorite stock at this moment is Mexico's America Movil AMXB.MX due to its exposure to many different countries in Latin America.

Citrone, who manages a macro hedge fund, is bullish on Latin America as a diversification to investments in the U.S. Discovery posted a 52% gain last year. He sees opportunities in Latin America's equities, rates and currencies.

Currently, most of Discovery's bets are outside the U.S.

 (Reporting by Carolina Mandl, in New York; Editing by Leslie Adler)

 ((carolina.mandl@thomsonreuters.com; +1 (917) 891-4931;))