5 Best Mexican Stocks To Buy Now

2. CEMEX, S.A.B. de C.V. (NYSE: CX)

Cemex is a building material company which sells cement, concrete and aggregates in more than 50 countries. With operations in four continents, 66 cement plants and over 260 distribution centers, the company was named in the 2020 Forbes Global 2000 list. In the fourth quarter, the company swung to a profit, with a net income of $70 million, compared to a loss of $238 million in the same quarter a year ago.

With a $33.4 million stake in CEMEX, S.A.B. de C.V., Oaktree Capital Management owns 24.5 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 22 hedge funds held stakes in CX as of the end of the fourth quarter.