3.0200 +0.01 (0.33%)
After hours: 4:45PM EDT
|Bid||2.9900 x 34100|
|Ask||3.0200 x 41800|
|Day's Range||2.9944 - 3.0800|
|52 Week Range||2.8200 - 7.4500|
|Beta (3Y Monthly)||1.16|
|PE Ratio (TTM)||13.68|
|Forward Dividend & Yield||0.05 (1.67%)|
|1y Target Est||5.89|
The $1.8 billion luxury condo project, developed by the Trump Group (no relation to the president) and built by general contractor Coastal Construction, will include two 50-story towers with a total of 247 units. The south tower will have 154 units, and the north tower will have 93 units. "A project like this where no expense has been spared to deliver an unrivaled luxury experience can obviously have their choice of suppliers," said Jeff Bobolts, CEMEX USA Regional President—Florida Region.
Do headlines of a slowing global economy or raised trade war threats have your attention? It may be time to look at the price charts of infrastructure stocks U.S. Steel (NYSE:X), Alcoa (NYSE:AA) and Cemex (NYSE:CX) to build long-term profits shorting and buying X stock, AA and shares of CX in your portfolio. Let me explain.Are you mulling why the Federal Reserve cut rates for the first time in over a decade? Or does the latest news of an additional 10% tariff on $300 billion in Chinese goods by the U.S. government have you worried? Well, you're not alone.These macroeconomic and geopolitical environment have Wall Street's undivided attention, while earnings season has quickly been shown the exit. But in order to profit from today's headlines, you have to look at the big picture. And that's where X stock, AA and CX come in.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 of the Most Shorted Stocks in the Markets Right Now Along with large-cap tech stocks such as Apple (NASDAQ:AAPL) or an industrial play like Caterpillar (NYSE:CAT), infrastructure stocks are obviously a group worth watching. And within this market area X, AA stock and shares of CX are companies to put on the radar for selling and buying based on what their price charts and not today's headlines are telling us. Infrastructure Stocks: U.S. Steel (X)U.S. Steel is the first of our three infrastructure stocks. The provided weekly chart shows X stock has formed a bearish flag beneath lateral resistance dating back to the financial crisis. Even U.S. Steel's better-than-expected earnings report hasn't been able to put a bid in this one!That's not the only bearish evidence in X stock either. Today's pattern is the second time where shares have fallen below support. Coupled with a failed uptrend attempt in 2018, this second attempt at breaking through this critical area looks all the more ominous. The X Stock Trade Short this infrastructure stock now and look for an eventual move towards the 2016 low. To keep losses contained and prevent fighting a bearish trend, I'd recommend a stop-loss slightly above the pattern high. Alcoa (AA)Alcoa is the next of our infrastructure stocks to put on your radar. However, I'm watching AA stock for a purchase. The monthly chart in AA stock does a good job of displaying a large broadening pattern that has developed over the past decade. Shares of Alcoa are near support and that's bullish.The formation isn't perfect, but life rarely is either. More importantly, I see the spirit of this corrective base as being intact. And with a bullishly diverging stochastics setup, a bottom should be closer, rather than farther away. The AA Stock TradeShould a confirmed candlestick low in this infrastructure stock form in the coming weeks, AA stock offers plenty of upside and bang for the buck. * 7 A-Rated Stocks Under $10 Based on the most recent pattern highs and angular resistance, a long in Alcoa could see $65 to $70 over the next 12 to 18 months. Cemex (CX)You'll have to be the judge of whether I left the best infrastructure stock for last. Mexico-based Cemex never quite recovered from last decade's financial crisis. And conditions could get a great deal worse for CX stock.Now, as a victim of slowing global growth and trade wars, CX stock has broken neckline support on its monthly chart. And with shares trading at $3.25 it's hard not to see this bearish pattern as possibly being the final straw for shares of CEMEX. The CX Stock TradeMy recommendation on CX stock is to gain short exposure today. I'd personally suggest a longer-term option such as the January 2021 $3 put. Priced for 55 cents, this bearish contract greatly reduces and limits risk in the event of an adverse pattern failure. And optimistically, if we're right this could be a near five-bagger.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Most Shorted Stocks in the Markets Right Now * 7 Charts That Should Concern Marijuana Stock Investors * 8 Monthly Dividend Stocks to Buy for Consistent Income The post 3 Infrastructure Stocks to Ground Your Trading appeared first on InvestorPlace.
Mexican cement maker Cemex SAB de CV reported a 3% fall in quarterly sales amid a drop in volumes in all its markets except the United States, sending the company's shares lower on Thursday. The global economic climate took a toll on Cemex's results, Chief Executive Fernando Gonzalez said in a statement. The lower volumes were partly offset by higher prices across the board, Cemex said.
Mexican cement producer Cemex SAB de CV on Thursday posted a 3% fall in quarterly sales, hurt by lower volumes in key markets such as Mexico. Chief Executive Officer Jaime Muguiro said cement demand trends remained positive in Colombia, but it was not enough to offset increases in coal, electricity and distribution costs in Colombia, and weaker markets across Central America.
CEMEX, S.A.B. de C.V. ("CEMEX") (CX), announced today that, on a like-to-like basis for the ongoing operations and adjusting for foreign exchange fluctuations, consolidated net sales decreased by 3%, reaching US$3.5 billion during the second quarter of 2019 versus the comparable period in 2018. The decrease in quarterly consolidated net sales was due to lower volumes in all of our regions except for the U.S., partially offset by higher prices for our products, in local-currency terms in all of our regions. Fernando A. Gonzalez, Chief Executive Officer of CEMEX, said, “The second quarter was impacted by the challenging global economic environment.
From an Amazon.com distribution center to Virgin Trains USA stations to the guitar-shaped Seminole Hard Rock Hotel & Casino, many of South Florida’s most prominent projects are shaped by the FEC Quarry in northwest Miami-Dade County.
CEMEX Ventures’ Construction Startup Competition 2019 doubled the number of participating startups compared with the 2018 competition, closing the event with 10 winners. The jury, the 10 winners and audience created an unparalleled framework for construction technology, investment, and entrepreneurship in the city of Monterrey, Mexico. CEMEX Ventures celebrated its Pitch Day, an event at which the 10 winners of the Construction Startup Competition 2019 presented their solutions to a jury of experts in construction, innovation, and entrepreneurship.
Work at the construction site is not only the main area for improving digitization, but also the place to study the productivity of tasks at an individual level. Modular construction is the next big step for the industry due to its significant opportunity for cost savings and its ability to redefine the way in which structures are built. CEMEX Ventures shares the conclusions drawn from a recent roundtable in Paris, France, with six industry leaders to improve digitization and productivity in the construction industry.
"The global economic environment is very favorable for investors. Economies are generally strong, but not too strong. Employment levels are among the strongest for many decades. Interest rates are paused at very low levels, and the risk of significant increases in the medium term seems low. Financing for transactions is freely available to good borrowers, […]
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that, for the fourth consecutive year, the Mexican Stock Exchange (Spanish:Bolsa Mexicana de Valores or BMV) recognized CEMEX as the company with the highest overall sustainability credentials from a total of 57 listed companies. As part of this annual assessment, CEMEX also outperformed the average score of its industry. For the eighth consecutive year, the Mexican Stock Exchange included CEMEX in its Sustainability Index, which comprises the top performers in the three pillars of sustainability: Corporate Governance, Social Responsibility, and Environmental Care.
On the edge of a possible economic hurricane, President Donald Trump is taking the biggest political gamble of his life. In an apparently contentious decision, Trump threatened a 5% tariff on all imported goods from Mexico beginning June 10. Like most of the administration's policy, there's a method behind the madness. But the madness also means you should consider now which stocks to sell.To understand this latest round of economic conflicts requires understanding Trump, an admittedly difficult task. Throughout his campaign, though, the former real-estate mogul made clear he wanted a border wall to stem Central American immigration. Frustrated with opposition stonewalling, the president overruled several of his key advisors. The optics that the commander-in-chief has gone rogue gives bearish investors extra incentive to target Mexican stocks to sell.Like clockwork, Mexican stocks did indeed fall. Once the tariff threats filtered throughout Wall Street, the exchange-traded fund iShares MSCI Mexico Capped ETF (NYSEARCA:EWW) dropped nearly 4%. As an export-driven economy, Mexico heavily depends on positive relations with the U.S.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut contrary to initial gut reactions, it's not just Mexican stocks that present challenges to investors. First, our neighbor to the south is a key partner to the global economy, not just the U.S. Second, many of the cheap or reasonably priced goods we enjoy, we have thanks to Mexico.In other words, we're going to suffer here in the U.S. too.The wrinkle in all this is that Mexico, again, heavily depends on us. As a result, Mexican President Andres Manuel Lopez Obrador has hinted at making concessions on migration management. * 7 Bank Stocks to Leave in the Vault Still, this is a dynamic situation because Mexico cannot show weakness, especially after years of suffering Trump's insults. Therefore, hold tight and watch these stocks to sell: Stocks to Sell: Ford (F)Having watched The Apprentice several times, President Trump would undoubtedly want to see Mexican stocks tumble into the abyss. But I believe that if this new tariff threat translates into a prolonged trade war, American icons like Ford (NYSE:F) will ultimately suffer the steepest consequences.Here's the thing about American cars: they're terribly overpriced for what you get but at least they're unreliable. According to Consumer Reports, Ford is the most reliable American car. Compared to all brands, they're ranked 18 out of 29. No wonder why F stock has taken a hit.But now, Ford executives are shifting their attention from Tokyo to Trump. Due to longstanding economic pressures, Ford along with its competitors have shifted production to Mexico. It was really the only way to keep F stock afloat. But with potential new tariffs on the horizon, the automaker will face double trouble from China and Mexico, leaving it begging to be included in a list of stocks to sell.Because historically, countries don't win dual-front battles. I'm sure the same could be said about dual-front trade wars. General Motors (GM)Source: GMIn recent weeks, I've really bashed American car brands like Ford and General Motors (NYSE:GM). Although it might seem unpatriotic to do so, I beg to differ. With a bailout and high hopes, we anticipated better things. Now, GM stock deserves its coming pain.I believe the real treason here is for American companies to sell their people junk goods which disproportionately affects poor and disenfranchised communities. To better illustrate my point, I highly recommend watching the "greed…is good" speech from the movie Wall Street. It's the American taxpayers that deserve better.But to be fair, GM stock was already on life support as the first round of the U.S.-China trade war kicked off. General Motors depends greatly on China, which is the world's largest automotive market. And thanks to unique historical and cultural factors, Chinese consumers love American car brands like GM. Of course, that loyalty is now under direct fire. * 7 Stocks to Buy for Monster Growth Tensions with Mexico, then, serve as the executioner's bullet. According to The Wall Street Journal, GM sold 663,000 Mexico-built vehicles in the U.S. This accounts for roughly 22% of domestic sales. If tensions escalate, you must put GM on your list of stocks to sell. Nissan Motor (NSANY)Source: Shutterstock Perhaps one of the most underappreciated components of this fresh conflict is that the bears won't simply focus on Mexico when seeking stocks to sell. In fact, in addition to U.S. companies, some of the worst victims will likely hail from abroad, such as Nissan (OTCMKTS:NSANY).While Japanese cars have transformed the automotive landscape, Nissan is decidedly the black sheep. Many years ago, the company sold its soul to the French, which was problem number one. Second, Japanese authorities arrested Nissan CEO Carlos Ghosn last year for financial-misconduct allegations.Thanks to its troubles, NSANY stock has crumbled this year. And unfortunately, tensions between the U.S. and Mexico threaten to undermine any comeback efforts.Nissan does significant business in Mexico. Anecdotally, several Mexicans with whom I spoke expressed pride in this brand. Unfortunately, market pressures have forced the company to scale back its Mexican operations. The tariff threats are exactly what NSANY stock doesn't need right now. Cemex (CX)Source: Dan Davison via Wikimedia (Modified)Invariably, when you're talking about potential tariffs against Mexico, you're most worried about which Mexican stocks to sell. Based purely on dynamic headlines, Cemex (NYSE:CX) stands to lose significant ground, especially if tensions don't find immediate resolution.For one thing, CX stock was already choppy heading into this stunning news. Shares slipped into negative territory for the year in April. They have since failed to return to the break-even point.But more worrisome are the broader implications. As an exporting economy, Mexico relies on its commodities distribution and manufacturing strengths. Specifically concerning Cemex's concrete business, Mexico exported nearly $184 million worth of the material last year. Our southern neighbor also ranks as one of the top-20 cement-exporting nations in the world. * 7 Stocks to Sell Amid an Escalating Trade War Therefore, a tariff on Mexico's exported goods would negatively impact Cemex's multinational business, which includes the U.S. Plus, Trump threatened additional tariffs beyond the 5% if he doesn't get certain concessions.It's an ugly situation all around for some Mexican stocks, and CX stock is among the ugliest. Wal-Mart de Mexico (WMMVY)Source: Shutterstock If Wal-Mart de Mexico (OTCMKTS:WMMVY) had a bit more trading volume here, I'd rank it higher among stocks to sell. Still, WMMVY stock is an easy one. Obviously, tariffs don't just hurt corporations. They filter down to the everyday man or woman working in those companies, eventually translating to consumer-sentiment erosion.But it's not all terrible news for WMMVY stock. Unlike many other Mexican stocks, Wal-Mart de Mexico shares have performed admirably this year. They've returned double digits since the January opener. So with another trade war possibly in the making, you have a great opportunity to pocket those profits.In other words, I think you should live for another day.Don't get me wrong: I think Mexico longer-term presents a wonderful opportunity. The country features a young labor force. This will become extremely relevant as developed countries focusing on digitalization will outsource their manufacturing components to other nations.But with a nationalistic president at the helm, you can't dismiss the threat toward all Mexican stocks. Kroger (KR)Source: Shutterstock Recently, The Washington Post ran a story entitled in part "Bigger than avocados." The implication, of course, is that Mexico is a huge exporter of food products and agricultural goods. As such, grocers like Kroger (NYSE:KR) face substantial risks. It's really no surprise that KR stock plummeted over 10% in May.Like the rest of this stocks to sell list, Kroger can ill afford a trade war with a major supplier. Even before the heightened tensions with both China and Mexico, KR stock was on the ropes. The company badly disappointed for its most recent earnings report, delivering only $28 billion in sales. That represented a 9.5% loss year-over-year.As you might expect, Kroger also suffered from squeezed margins. But with a potential trade war with Mexico, management has no choice but to push costs onto the consumer. * 7 Stocks to Buy for June I'm not sure how they'll react to this move, as the timing couldn't be worse. We're entering the summer season where gas prices typically jump. Additionally, the U.S.-China trade war might eliminate well-paying jobs, hurting the broader consumer base. Sony (SNE)Source: Game GavelThis one hurts me personally as I'm a shareholder. However, I think it's important to include Sony (NYSE:SNE) on this list of stocks to sell for two reasons. Number one, it limits the number of hate-mail and internet-stalking incidents I receive when writing bearish stories. Second and more importantly, I want to demonstrate my objectivity toward SNE stock and other risky names.Excepting the automakers, the other companies I mentioned have viable businesses. Unfortunately, the geopolitical winds just didn't turn favorably for them. Thus, I must respect the tape and resist fighting obvious challenges.SNE stock is a perfect example. Because consumer-tech leader Apple (NASDAQ:AAPL) is facing competitive threats to its hardware, I like Sony to disrupt them. Perhaps smartphones are dead ends, but the company has undisputed leadership in video games. With its massive content empire, Sony will likely maintain this advantage for several gaming-product cycles.But here's the problem right now: SNE, like other Japanese firms, made significant investments in Mexican manufacturing facilities. A possible tariff negatively impacts multiple Sony products, including high-profile ones like the PlayStation consoles.As of this writing, Josh Enomoto was long SNE. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right * 7 Bank Stocks to Leave in the Vault * 7 Stocks for You to Profit From (Legal) Insider Trading Compare Brokers The post 7 Stocks to Sell Impacted by the Mexican Tariffs appeared first on InvestorPlace.
U.S. President Donald Trump announced a 5-percent tariff on all goods coming from Mexico, demanding the country curb illegal immigration into the U.S. Trump has long accused Mexico of not doing enough ...
MONTERREY, Mexico, May 30, 2019 /PRNewswire/ -- CEMEX announced today it has successfully completed the deployment of its CEMEX Go platform worldwide, setting the foundation for a higher standard of customer service in the global building materials industry. CEMEX is committed to proactively developing innovative products and cutting-edge solutions to help fulfill its customers' business needs. The ongoing success of CEMEX Go is a testament to the company's customer-centric commitment and relentless focus on continuous innovation and improvement.
CEMEX Go is a cutting-edge digital solution for customers’ business needs. CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has successfully completed the deployment of its CEMEX Go platform, setting the foundation for a higher standard of customer service in the global building materials industry. CEMEX is committed to proactively developing innovative products and cutting-edge solutions to help fulfill its customers’ business needs.
The company has adopted the United Nations Sustainable Development Goals (SDGs) to help build a better future for society. It has called on business leaders to join this initiative and promote inclusive prosperity and sustainable development. CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it is strengthening its commitment to the United Nations (UN) Sustainable Development Goals (SDGs) by prioritizing five goals that are directly connected with the company’s business and represent a better opportunity to contribute to the UN 2030 Agenda.
CEMEX Ventures, the open innovation and Corporate Venture Capital unit of CEMEX, announced today its investment in Energy Vault, an Idealab company that has developed a transformative technology to store energy. The new investment is further reinforced by plans to support rapid market adoption and deployment of Energy Vault’s technology through CEMEX’s strategic network. Energy Vault’s transformative energy storage technology solves a key challenge for renewables, which have struggled to replace, in a significant manner, fossil fuel power due to production unpredictability and intermittency of wind and sunlight.
CEMEX, S.A.B. de C.V. (“CEMEX”) (CX) announced today that it has signed the final agreement to sell its aggregates and ready-mix assets in the North and North-West regions of Germany to GP Günter Papenburg AG for approximately €87 million. CEMEX currently expects to close this divestment during the second quarter of 2019. The assets in Germany being divested consist of 4 aggregates quarries and 4 ready-mix facilities in North Germany, and 9 aggregates quarries and 14 ready-mix facilities in North-West Germany.
Mexican cement producer Cemex SAB de CV on Thursday said that it had nearly doubled its profit during the first quarter but still fell short of analysts' expectations, hurt by lower volumes in Mexico and the United States. Sales in Mexico fell 8 percent to $706 million and earnings before interest, tax, depreciation and amortization (EBITDA) declined by 14 percent to $255 million during the first quarter ended March, the company said. "We are pleased with the 1 percent top-line growth we achieved during the first quarter, despite important volume declines in our two most important markets: Mexico and the U.S.," he said.
CEMEX, S.A.B. de C.V. announced today that it has filed its annual report for the fiscal year ended December 31, 2018, on Form 20-F with the United States Securities and Exchange Commission .
Mexican cement producer Cemex SAB de CV on Thursday reported a more than 90 percent rise in quarterly profit, helped by higher prices and volume. Net profit rose to $39 million in the first quarter ended ...