These 10 Firms Led Friday’s Rally, Here’s Why

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

Cemex rose for a fourth straight day on Friday, adding 4.04 percent to close at $5.92 apiece as investors repositioned portfolios ahead of the release of its first quarter earnings performance while snapping up shares after earning a bullish rating from an investment firm.

Based on its website, CEMEX, S.A.B. de C.V. (NYSE:CX) is scheduled to release the results of its earnings performance for the first quarter of the year on Monday, April 28, at 11 AM New York time. Apart from the operational and financial highlights, investors will be closely watching out for its outlook for the near-term period, considering the ongoing trade tensions globally.

In other news, Barclays on Monday reaffirmed its Buy rating and $8 price target for CX, which represented a 35-percent upside from its latest closing price.

Also last week, CX announced that Cemex Ventures, its corporate venture capital and open innovation unit, executed an investment agreement with OPTIMITIVE, a Spain-based Artificial Intelligence company.

Founded in 2008, OPTIMITIVE has developed proprietary artificial intelligence software to enhance efficiency across heavy industries. It offers advanced solutions for process improvement, maintenance, and services, with a strong focus on the cement industry over the last years.