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CX - Cemex: Challenged By Global Macro Headwinds But A Potential Contrarian Pick
Cemex S.A.B. de C.V. Sponsored ADR
Mexico-based Cemex S.A.B. de C.V. (NYSE:CX) is recognized as one of the largest cement and ready-mix companies in the world with global operations. In many ways, its performance is a good barometer for construction activity as nearly 80% of its business is outside of Mexico with a major presence in the U.S., Latin America, and Europe. On the other hand, the stock has been pressured in recent years, given the particularly weak growth environment in its domestic market while also dragged lower by FX trends. Cemex just reported its latest quarterly earnings highlighted