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 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.