JJC:   I never thought I'd see the day when Mexico became more fiscally responsible, financially stable, and better invested than the old U.S. of A... When I would rather own a Mexican stock than a stock from the States... But, believe me, that day has come...

I believe that in America... we have the worst government money can buy. But, in Mexico, when you buy the government, you get a lot more bang for your peso...

Back on March 3rd, Felipe Calderon, the President of Mexico, announced a $5.6 billion economic stimulus package, in order to offset Mexico's exposure to US... Think of it like this... When the U.S. sneezes, Mexico's supposed to get the flu... The stimulus package is their flu shot...

And since Mexico doesn't have a financial crisis - just slowing economic growth - Calderon's stimulus plan makes a whole lot more sense to me than our "iPod in every pocket" stimulus giveaway that did nothing to address our problems in the banking system... and in housing...

And they're doing a real stimulus package... What are we doing? We're giving $6 billion in tax rebates to the homebuilders... which I think will cause home prices to fall even further, and make things worse for us. As far as I can see... Mexico, yes, is pants-ing us, and they know it...

Now the stuff in the stimulus package should be fabulous for Mexican businesses. A 3% income tax break for companies for the next five months... A 10-20% decrease in the price they pay for electricity... Credit from developing banks... And, best of all, reductions in mandatory payroll benefit payments. I thought we had perfected the government of, by and for the corporation... but now, Mexico has us beat with a stimulus plan that not only favors corporations, but lets them hose the workers by paying less in benefits.

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Now we need to find the right Mexican stock to take advantage of this huge government giveaway to big business. Since the Mexican economy is slowing, because of us, we want something a little defensive...

There aren't that many Mexican companies that trade over here and, of the ones that do, there are only two that I really like for this environment...

Coca-Cola FEMSA (KOF), which is the largest Coke bottler in Latin America... That means they bottle Coca-Cola and distribute... And Fomento Econmico Mexicano, S.A.B (FMX), which just so happens to be the parent company of KOF.

When you've got a parent and a subsidiary, and you like both, you almost always want to buy the parent, not the child... So go with FMX... so you get both.

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KOF represents 40% of Coca-Cola (KO)'s volume in the region. We know from KO that Latin America is one of the fastest-growing areas. Mexico and the rest of Latin America are still growth regions for KO... So this bottler works, even though I don't ordinarily recommend bottlers in America.

This subsidiary makes up 40% of KOF's sales and 60% of its operating profits, because Coke is the leading brand in Mexico... No Pepsi, Coke... and the rest of Latin America.

FMX - the parent company - is the largest beverage maker in Latin America. Exactly the kind of defensive stock that I think you should own, when Mexico's economy is slowing, and its government is giving away money to businesses.

Other than just Coca-Cola Femsa, it's got 70 brands that it sells including, of course, Fanta...

It sells all these brands in Mexico, as well as Colombia, Argentina, Venezuela, four small Central America countries, and Brazil, which you know we can't get enough of here on Mad Money...

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FMX is also a brewer! The second-largest in Mexico. I want you to be thinking Dos Equis, Sol, Tecante, and Kaiser... with 31 total brands that it sells in Mexico and Brazil... and it makes its own glass and bottle caps... so you shouldn't worry too much about glass cutting into profits...

The beer business is doing well, as beer prices have, at last, stabilized in most places that FMX operates... and actually increased in core Mexican markets, as well as in Brazil, where FMX has been increasing its presence.

Exports are also ramping, as FMX's beer penetrates more of the Eastern U.S.... It's not a troubled brand like Corona...

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Finally, and completely, FMX owns Oxxo. That's Mexico's largest convenience store chain, with at least 5500 stores... Oxxo is a great channel for FMX to sell its great soft drinks and beer. They plan to triple in size over the next 10 years. That's right... triple! FMX can do that, because Mexico is under-penetrated, when it comes to convenience stores. They just don't have enough of them.

One convenience store will service 14,000 people... which is astronomically higher than in developed countries. Oxxo already has 67% market share but, with this expansion, it should also have growth as far as the eye can see.

They might also start opening Oxxo stores in Colombia, which would mean even more growth... even though Hillary Clinton doesn't like it... Well, she doesn't like Colombia...

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FMX... A triple threat... Soda, beer, and convenience stores. And that combo is made even more potent by the appreciation of the Mexican peso, which is at 6-month highs against the dollar. Almost all of FMX's businesses is denominated in non-dollar currencies... mostly the peso... so, when they report earnings in dollars, the strength of the peso translates into an instant number bump...

I know, I know... The stock's ramped a lot. It's up 15% year-to-date... Today, it closed at $42 and change... And, at that price, my advice is to maybe buy a little... wait for a pullback to buy more...

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The Bottom Line!:      The Mexican government is throwing pesos at Mexican companies, and I think the one to buy is Fomento Econmico Mexicano, S.A.B (FMX).