Latest news with #PEDROPARDO
Forbes
14-04-2025
- Business
- Forbes
Is CROX Stock A Bargain At $100?
A woman walks past a Crocs store in Beijing on April 9, 2025. (Photo by Pedro PARDO / AFP) (Photo by ... More PEDRO PARDO/AFP via Getty Images) Crocs stock (NASDAQ: CROX) has declined by over 30% in the past six months, presenting what we believe to be an attractive value opportunity for investors. The recent downturn isn't solely due to tariffs. CROX began its downward trend in mid-2024, with a notable drop in late October after reporting revenue declines from its acquired HeyDude brand. This decline was especially concerning as Crocs had incurred significant long-term debt to finance the acquisition. Furthermore, the latest tariff announcements have sparked a broad selloff in consumer discretionary stocks, disproportionately impacting Crocs given its manufacturing presence in countries like China and Mexico. For investors seeking growth with less volatility than individual stocks, the High-Quality portfolio offers a compelling option, having outperformed the S&P 500 with over 91% returns since inception. Despite these setbacks, investors who buy CROX now gain exposure to: CROX vs. Peers Technically, CROX appears poised for a rebound. The stock has a history of wide cyclical moves over the past four years and currently trades near a cyclical low. This level has previously acted as a launch point, sparking prolonged rallies in April 2021, November 2022 (post-consolidation), and again in November 2023. CROX Stock Price History Worried about CROX's volatility? Consider the Trefis High Quality Portfolio, a set of 30 stocks that has consistently outperformed the S&P 500 over the past four years. Why? Because HQ Portfolio stocks deliver stronger returns with reduced risk — a smoother ride than the benchmark, as shown in HQ Portfolio performance metrics. Invest with Trefis Market Beating Portfolios | Rules-Based Wealth
Forbes
28-03-2025
- Business
- Forbes
'Emerging Market Stablecoins' Are Finding Product Market Fit
Image of a 20 Mexican Peso bill which is equivalent to one US dollar (19.738800 pesos) in Mexico ... More City, on June 2, 2022. - A stable political outlook in the face of uncertainty in Colombia, Brazil and Chile, and an attractive financial yield are encouraging a surprisingly strong Mexican peso, despite the country's tepid economic outlook, experts say. (Photo by Pedro PARDO / AFP) (Photo by PEDRO PARDO/AFP via Getty Images) US dollar-pegged stablecoins like USDT and USDC are all the rage this year, but tokens denominated in local market currencies are starting to find product market fit. Bitso, the Mexico-based crypto platform with operations across Latin America, has launched a new stablecoin pegged to the Mexican peso. Announced at the Merge Buenos Aires conference on March 25, the MXNB stablecoin will live on the Arbitrum network, an Ethereum Layer 2 network that has become a popular rail for stablecoins in emerging market countries. The idea is that MXNB will allow foreign companies doing business in Mexico to more easily convert in and out of Mexican pesos, thereby making it easier to offer products and services to Mexican customers. Similar products have gained traction in the Latin America region as of late. Bitso recently joined forces with Mercado Bitcoin and Foxbit to launch a Brazilian real-pegged stablecoin called BRL1. Brazil's Braza Bank announced a real-pegged token of its own on the XRP Ledger in February. These products join the party of other BRL-paired stablecoins such as BRZ — issued by Transfero, and BRLA — issued by BRLA Digital — that have been operative in the market for several years. USD stablecoins comprise the majority of the market due to their liquidity and convenience. They provide an easy way access to dollars for those seeking a store of value, and are ubiquitous in the crypto trading world. However, soft currencies don't possess these same characteristics, and users don't generally want to hold them for any prolonged period if there are better options available. So why the newfound interest in these stablecoins pegged to local currencies? The short answer is market access. These tokens serve as a bridge for individuals and businesses looking to on and off-ramp into new markets to offer products and services denominated in the local currency. Ben Reid, Head of Stablecoins at Bitso Business, explained: Stablecoins are now understood to be a fast, cost-effective solution to this problem, offering an alternative to traditional fiat rails for expanding access to foreign markets. In this regard, local stablecoins can be seen as the bridge between global capital and local usability. They enable international businesses to collect payments and pay salaries, vendors and customers in local currency and via local payment rails like Pix, in the case of Brazil. Lucas Giorgio, co-founder of BRLA Digital, explained that drop-off rates can be as high as 80% in Latin America when users are forced to transact in US dollars rather than their local currency. For Bitso, these local currency stablecoins are a core component of its business strategy for the remainder of the year. It has launched a subsidiary called Juno, that will live underneath its Bitso Business division, that is focused on issuance and management of digital assets like stablecoins. Bitso Business will also host Latin America's first conference devoted to stablecoins on August 27-28 in Mexico City. Why the newfound interest in non-dollar pegged stablecoins? Ben Reid, Head of Stablecoins at Bitso Business, explained that the value proposition of stablecoins denominated in local currencies is market access for international players. , crypto trading on international exchanges (USD-denominated trading pairs tend to be more liquid)
