Cemex (CX) is a Great Momentum Stock: Should You Buy?

Company Overview - Cemex (CX) currently holds a Momentum Style Score of B, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 2 (Buy), which is supported by a historical track record of outperforming the market [4] Price Performance - Over the past week, shares of Cemex have increased by 6.28%, significantly outperforming the Zacks Building Products - Concrete and Aggregates industry, which rose by only 0.18% [6] - In a longer time frame, the monthly price change for Cemex is 13.67%, compared to the industry's performance of 4.07% [6] - Over the past quarter, shares of Cemex have risen by 28.73%, and they have increased by 105.69% over the last year, while the S&P 500 has only moved 2.44% and 16.74%, respectively [7] Trading Volume - The average 20-day trading volume for Cemex is 6,997,475 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, three earnings estimates for Cemex have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.73 to $0.98 [10] - For the next fiscal year, three estimates have also moved upwards, indicating positive sentiment regarding future earnings [10] Conclusion - Given the strong price performance, positive earnings outlook, and favorable momentum indicators, Cemex is positioned as a solid momentum pick for investors [11]