TREX - Why Mobile Mini Cemex and Trex Stocks Fell 10% or More Today
Last month, infrastructure stocks including cement maker Cemex (NYSE: CX) enjoyed a brief resurgence in response to a tweet from President Trump urging Congress to pass a $2 trillion infrastructure bill -- the same bill the president has been promising since before he was even inaugurated.
It hasn't happened yet. And judging today by how investors are treating shares of Cemex and fellow construction industry stocks Mobile Mini (NASDAQ: MINI) and Trex (NYSE: TREX), it may not happen anytime soon. As of 2 p.m. EDT Friday, shares of Mobile Mini were down 9.6%, Cemex was off 11.4%, and Trex had fallen 12%.
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