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What: Shares of cement maker Cemex
So what: Optimism that Europe is finally closer to solving its fiscal problems has pushed most stocks higher, especially those in emerging markets. Today, the Organization for Economic Cooperation and Development also announced GDP growth predictions for Mexico of 3.3% in 2012.
Now what: The pop today is huge, but Cemex shares lost value in seven straight trading sessions so this could be a dead cat bounce for the stock. Shares were hovering near a 52-week low to end last week and in the search for a bottom sometimes you get bounces like this. I'm not a buyer today, especially considering the company is expected to post losses for the foreseeable future.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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