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CX

Cemex, S.A.B. de C.V.

6/19/2013, 9:08 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, June 19, 2:58 PM Cemex (CX +1.2%) has slipped 12% during the past month, and Barclays believes it’s time to buy the stock, not just because it's underperforming but fundamentals look good too, as EBITDA growth over the next four years driven by the recovering U.S. housing market. The firm also notes CX has been able to increase the amount of time it has to pay its debt while lowering the interest rates it owes. Comment! [Quick Ideas]
Friday, April 26, 2:17 PM 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. 1 Comment [Earnings, On the Move]
Friday, April 26, 7:39 AM CEMEX (CX): Q1 Revenue of $3.3B misses by $0.27B. (PR) Comment! [Earnings, Breaking News]
Thursday, February 7, 9:24 AM Cemex (CX): Operating earnings before other expenses, net of $285M (+26% Y/Y). Revenue of $3.7B in-line. Shares -1.2% premarket. (PR) Comment! [Earnings, Breaking News, On the Move]
Friday, November 30, 2012, 1:11 PM The bull run in the Mexican peso is over, write Bernard and Cignarella, as the country posts a Y/Y tripling in the trade deficit in October. The gap comes as the economy slows - Y/Y GDP growth of 3.3% in Q3 vs. an average 4.5% pace for the year. The Bank of Mexico today left rates unchanged at 4.5%, but backed off previous threats of an imminent rate hike. EWW +26.5% YTD, Comment! [Global & FX]
Wednesday, November 14, 2012, 5:43 AM Mexico's Senate yesterday passed a major labor-market reform bill that makes it easier to hire and fire staff, and shorten labor disputes. The government hopes the measures will create up to 400,000 jobs a year and cut the number of workers in the black market, which is estimated to cost Mexico as much as $15B in lost taxes each year. Major U.S.-listed firms that could be affected include American Movil (AMX) and Cemex (CX). Comment! [Global & FX]
Wednesday, November 7, 2012, 5:16 AM Cemex (CX) has raised $1.1B by selling a larger-than-expected 29% stake in its Latin American unit in an IPO in Colombia. Cemex sold almost 170.4M shares at 12,250 Colombian pesos ($6.74) each, in the middle of its target range. Cemex will use the money to help pay down its huge debt. (PR) Comment!
Thursday, October 4, 2012, 9:29 AM Cemex (CX) previews upcoming earnings by noting Q3 EBITDA is expected to grow by about 9% in dollar terms even as net sales slip 2% (up 3%, adjusting for currency). The company notes the trends are following suit with the first half of the year; it's providing preliminary info to prospective purchasers of a private placement of debt securities. Shares +0.5% premarket. Comment! [Global & FX, Breaking News]
Wednesday, August 22, 2012, 11:39 AM Shares of cement and building materials company Cemex (CX +3.9%) march higher on plans to sell a minority stake in a Latin American unit to be listed on Colombia's stock exchange, part of the Mexican company's efforts to sell assets to pay down its heavy debt load. Credit Suisse raises its rating, believing the move allows CX to cover most or all the $1B due by March 2013 under its refinancing. Comment! [Global & FX, On the Move]
Monday, July 30, 2012, 9:50 AM IBM (IBM +1.6%) wins a $1B+ 10-year agreement to supply business process, IT and consulting services to CEMEX (CX -1.5%), which reckons the deal will save it almost $1B over the lifetime of the contract. (PR) 1 Comment [Tech]
Friday, July 20, 2012, 2:44 PM Mexican cement and building-materials company Cemex (CX +3.7%) moves up on better Q2 report this morning. Net losses narrowed on better sales growth for operations in the U.S., Asia, Central and South America and the Caribbean. Quarterly sales in the U.S. came in at $795M, up 15% Y/Y. Net sales, however, fell 7% due to weakness out of Mexico and Europe. Comment! [Global & FX, Earnings]
Monday, June 25, 2012, 2:39 PM Cemex (CX +4.7%) shares jump after the Mexican cement maker said it is in talks with creditors to refinance its heavy 2014 debt payment schedule with a proposal to extend maturities by three years. CX has ~$7B in bank debt coming due in 2014 under a $15B financing agreement reached in 2009, when sharp declines in earnings made its debt load unmanageable. Comment! [On the Move]
Friday, April 27, 2012, 10:08 AM The Bank of Mexico leaves its benchmark rate unchanged at 4.5%. EWW +13.7% YTD. Comment! [Global & FX]
Friday, January 20, 2012, 9:15 AM Premarket gainers: INSM +24%. ASIA +16%. SWKS +6%. URRE +6%. MPC +5%. BCS +4%. CTIC +4%. RBS +3%. IBM +3%. SAVE +3%. MSFT +3%.
Losers: ALTH -20%. GOOG -8%. AONE -7%. SQNM -6%. HTGC -6%. COF -6%. PH -5%. ZIOP -5%. MMLP -5%. BWP -4%. CX -4%. CUK -4%. ARCC -4%. CCL -3%. NVS -3%. MT -3%. Comment! [On the Move]
Thursday, December 22, 2011, 8:47 AM Heightened disruptions in Iraq and Iran push oil prices higher, as Brent crude futures push back over $108 and WTI crude captures the $99 mark. Big Oil premarket: BP +1.6%, XOM +0.7%, CX +0.5%. Comment! [Energy, On the Move, Commodities]
Wednesday, November 30, 2011, 9:05 AM Premarket gainers: AMR +46%. MT +11%. FRO +10%. BCS +10%. IRE +9%. DB +9%. GBG +9%. CX +9%. STP +9%. RBS +8%. ING +8%. PCX +8%. BSBR +8%. LYG +8%. RCL +8%. RIO +8%. CS +8%. RDN +8%. MS +8%. X +7%. BHP +7%. FCX +7%. BBD +7%. BBVA +7%. MTL +7%. BP +7%. PHM +7%. GGB +7%. JPM +7%. AEG +7%. C +7%. TS +7%. UBS +7%. AKS +7%. ANR +6%. DANG +6%.
Losers are mainly just leveraged short ETFs: EDZ -15%. TCIX -14%. SRTY -13%. TZA -13%. FAZ -11%. OVTI -11%. ERY -10%. BGZ -10%. EEV -10%. SPXU -9%. SQQQ -9%. TWM -8%. SKF -7%. VXX -7%. SDS -6%. QID -6%. DXD -5%. DTO -5%. RWM -4%. ZSL -4%. SCO -4%. DZZ -4%. BBEP -3%. SH -3%. PSQ -3%. EUO -3%. Comment! [On the Move]