10 Best Large Cap Penny Stocks to Buy Under $10

7. CEMEX (NYSE:CX)

Market Capitalization as of August 5: $12.59 billion

Share Price as of August 5: $8.33

Number of Hedge Fund Holders: 17

CEMEX (NYSE:CX) is one of the best large cap penny stocks to buy under $10. On July 29, Barclays raised the firm’s price target on Cemex to $10 from $9, while maintaining an Overweight rating on the shares. The firm says that CEMEX is combining a structural transformation and capital efficiency to drive long-term shareholder returns.

Before this announcement, CEMEX showcased a 38% increase in net income for Q2 2025, which was supported by favorable foreign exchange rates and a decrease in interest expenses. For H1, debt income reached a record of $1.05 billion. The company also reported free cash flow from operations of ~$200 million for the quarter.

The company’s pricing strategy has been effective, with cement, ready-mix, and aggregate prices increasing by 5%, 6%, and 8% respectively, since the start of the year. Energy costs on a per-ton basis for cement declined by 14%. CEMEX anticipates achieving $200 million in savings for the year, with a run rate of $400 million by 2027.

CEMEX (NYSE:CX) produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.