Tripadvisor’s Stock Performance Soars 16.7%
Tripadvisor, the online travel company, experienced its best single-day performance in three months after US hedge fund Starboard Value disclosed owning over 9% of the company, according to a Securities and Exchange Commission (SEC) filing.
On Thursday, Tripadvisor’s shares jumped 16.74%, marking its best daily performance since April 9, when it gained 18.2%. The stock closed at $17.50, the highest level in five months.
Starboard Value’s position in Tripadvisor is valued at around $160 million.
América Móvil Explores Digital Growth Opportunities
América Móvil, the telecommunications giant, has historically pursued rapid growth through mergers and acquisitions, enabling it to offer a wide range of services across its operating markets.
As the telecommunications industry shows signs of consolidation in Latin America, América Móvil may explore new avenues to generate value. Analysts suggest the company could leverage the digital transformation of the region, primarily through cloud services and enterprise solutions, utilizing its decades-long infrastructure.
This opportunity appears underestimated by the market, despite its potential to drive growth.
Apple Reports First Sales Increase in China for iPhone
Apple, the US technology giant, reported its first sales increase for the iPhone in China in two years during the second quarter of 2023, according to Counterpoint Research.
iPhone sales in China grew 8% year-over-year in the June quarter, driven by promotions launched by Chinese e-commerce companies in May, offering discounts on iPhone 16 models.
Ternium Invests in Green Steel Initiatives
Ternium, led by Máximo Vedoya, released its 2024 Sustainability Report highlighting $120 million in investments in environmental initiatives.
In Mexico, the new Pesquería steel mill will begin operations in 2026 with the lowest emissions in the market and potential for transitioning to green hydrogen.
Additionally, in collaboration with Transportes Orta, Ternium developed the Grade 100 Steel, which will replace 2,000 metric tons of imported steel annually and reduce freight trips.
This strategy demonstrates a clear commitment to a more efficient and sustainable steel industry.
Mexican Government Awards Puente Amado Nervo Contract
The Mexican Secretariat of Infrastructure, Communications and Transportation (SICT), headed by Jesús Esteva Medina, awarded the Puente Amado Nervo construction contract to the consortium formed by RECSA, Jaguar Ingenieros Constructores, and JYR Ingenieros Constructores.
The bridge, located at kilometer 15+680 on the Avenida Federación road in the border area between Bahía de Banderas, Nayarit, and Puerto Vallarta, Jalisco, will require an investment of over 530 million pesos and includes the bridge and access construction, with work set to begin on July 7, 2025, for a 547-day natural execution period.
Key Questions and Answers
- What caused Tripadvisor’s stock surge? The surge was due to US hedge fund Starboard Value disclosing a 9% stake in the company, according to an SEC filing.
- How is América Móvil exploring new growth opportunities? The telecommunications giant may leverage the digital transformation of Latin America, focusing on cloud services and enterprise solutions using its extensive infrastructure.
- Why is Apple’s sales increase in China significant? This marks the first sales growth for iPhone in China in two years, driven by promotions offering discounts on iPhone 16 models.
- What are Ternium’s green steel initiatives? Ternium invested $120 million in environmental projects, including a low-emission steel mill in Mexico and collaborating on Grade 100 Steel to reduce imported steel and freight trips.
- Who won the Puente Amado Nervo construction contract, and where will it be built? The Mexican government awarded the contract to a consortium of RECSA, Jaguar Ingenieros Constructores, and JYR Ingenieros Constructores for a bridge in the border area between Bahía de Banderas, Nayarit, and Puerto Vallarta, Jalisco.
