Cemex (CX) Is Up 3.36% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Cemex (CX) - Cemex currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - Over the past week, Cemex shares increased by 3.36%, while the Zacks Building Products - Concrete and Aggregates industry declined by 0.46% [6] - In a longer timeframe, Cemex shares rose by 10.94% over the past month, outperforming the industry's 2.48% [6] - Over the last quarter, shares of Cemex increased by 28.29%, and over the past year, they gained 120.55%, compared to the S&P 500's increases of 1.81% and 17.32%, respectively [7] Trading Volume - The average 20-day trading volume for Cemex is 5,625,169 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, raising the consensus estimate from $0.92 to $1.00 [10] - For the next fiscal year, three estimates have also moved upwards without any downward revisions [10] Conclusion - Given the positive momentum indicators and earnings outlook, Cemex is positioned as a strong buy candidate for investors seeking short-term opportunities [12]