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Mexican cement maker Cemex (CX +3.6%) trades sharply higher despite posting big Q1 misses in...

Mexican cement maker Cemex (CX +3.6%) trades sharply higher despite posting big Q1 misses in earnings, sales and EBITDA. Citigroup suspects a negative investor reaction was softened by optimism for improvement in H2, and Sterne Agee thinks significant weather issues in Q1 and weakness in the stock over the past few weeks have averted any potential selloff today.

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Comments (1)
  • Dogpound
    , contributor
    Comments (149) | Send Message
     
    That's a sign of a top...the bad Mexican weather indicator.
    26 Apr 2013, 02:19 PM Reply Like
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