Should you invest in cement stocks?

As a result, it might be smart to invest in some of the cement stocks above. Demand for cement and building materials is going up and up. As always, do your due diligence first because there is always risk when it comes to investing. And there are plenty of investment opportunities for you to explore today.

Is Cemex (CX) a good cement stock to buy?

A third cement stock to consider is Cemex (CX), one of the biggest building materials companies in the world. Since bottoming out around $1.63 during March 2020, the stock has exploded to a recent high of $8.22 after bouncing from double bottom support. From here, I’d like to see it break well above double top resistance around $9.09.

What is the market cap of a cement company?

The company’s market cap is at $9.9 billion. The financials look pretty good for this cement stock as well. In the last reported quarter, revenue is up about 20% compared to last year. Operating income is up to $225 million. That’s almost a 30% increase from last year. The stock price is up 155% from its low in March of 2020.