President Donald Trump’s plans to build a Mexican border wall are boosting the prospects of builders and material suppliers from Alabama to Frankfurt, but there may be no bigger winner than a giant cement maker based in Mexico.
Cemex SAB would be one of the companies best-positioned to profit from a wall that could cost $15 billion or more as it has operations along both sides of the border. Cemex’s share price jumped as much as 2.6 percent Wednesday and is the best performing among its peers this year, with its stock up 18 percent as of Tuesday, according to Bloomberg Intelligence analyst Sonia Baldeira. The outlook for its U.S. business has also been aided by Trump’s plan to spend as much as $500 billion on roads, bridges, tunnels and airports.
