Why CEMEX, S.A.B. de C.V. (CX) Surged on Monday
We recently published an article titled Why Traders Flocked to These 10 Stocks on Monday . In this article, we are going to take a look at where CEMEX, S.A.B. de C.V. (NYSE:CX) stands against the other stocks.
The stock market kicked off the trading week on a mixed note, with two major indices ending in the green, as investors continued to digest more corporate earnings results.
Among the bellwether indices, only the Nasdaq ended in the red, dropping 0.10 percent. In contrast, the Dow Jones grew by 0.28 percent and the S&P 500 inched up by 0.06 percent.
Meanwhile, 10 companies mirrored a broader market optimism, as investors snapped up shares ahead of their first-quarter earnings performance in the next few days.
To come up with the list, we considered only the companies with a $2-billion market capitalization and $5-million trading volume.
A pile of cement on the top of the wheelbarrow in construction site.
CEMEX, S.A.B. de C.V. (NYSE:CX)
CEMEX, S.A.B. de C.V. (NYSE:CX) extended its winning streak for a fifth straight day on Monday, adding 4.56 percent to close at $6.19 apiece, as investors took heart from the company’s strong performance and its new CEO’s promise to deliver further profit growth and shareholder value.
In a statement, CEMEX, S.A.B. de C.V. (NYSE:CX) CEO Jaime Muguiro said that he will focus on operational efficiency and follow a disciplined capital allocation strategy. Through the “Project Cutting Edge” cost savings initiative, CX aims to save at least $150 million in recurrent annual EBITDA this year and $350 million by 2027.
The announcement followed CEMEX, S.A.B. de C.V.’s (NYSE:CX) strong earnings performance in the first quarter of the year, with its net income soaring by 189 percent to $734 million from $254 million in the same period a year earlier, driven mainly by the sale of its Dominican Republic operations.
Revenues, on the other hand, dipped by 1 percent to $3.6 billion from $3.9 billion amid higher prices that offset lower volumes.
Overall CX ranks 10th on our list of the best performing stocks on Monday. While we acknowledge the potential of CX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CX but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock .
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires .
Disclosure: None. This article is originally published at Insider Monkey .