5 Cheap Stocks to Buy According to Louis Navellier’s Hedge Fund

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

Navellier’s Stake Value: $429,000

Percentage of Navellier’s 13F Portfolio: 0.06 % 

Number of Hedge Fund Holders: 23

Price as of October 20: $7.17

CEMEX, S.A.B. de C.V. (NYSE:CX), a Mexican building materials company, is at the second position in our list of the 10 cheap stocks to buy according to Louis Navellier’s hedge fund.

CEMEX, S.A.B. de C.V. (NYSE:CX) recorded YoY revenue growth of 13.03% and saw a rise of 59% in its stock price over the last year.

On October 11, CEMEX, S.A.B. de C.V. (NYSE:CX) was upgraded to Buy from Neutral by analyst Andres Cardona at Citi. The price target was lowered from $9.80 to $9.30.