The Zacks Industry Rank assigns a rating to each of the 265 industries based on their average Zacks Rank. An Industry with a larger percentage of Zacks Rank #1s (Strong Buy) and #2s (Buy) will have a better Zacks Industry Rank than one with a larger percentage of Zacks Rank #4s (Sell) and #5s (Strong Sell).

Finding the best industries is often the key to success in investing. Our research shows that the industries ranked in the top half outperform those in the bottom half by a factor of two to one, so putting your money to work in the best industries gives you a big advantage.

One space that should be on your radar right now is the oil and gas drilling industry.  The space has moved up 65 Zacks Industry Ranks in the last week.  Stocks within the gold mining sector sit in the top 11% of all industries of all 265 industries ranked on the Zacks Industry Rank. 

Right now, the gold mining industry is ranked as the 29th best industry out of the 265 industries covered by Zacks.  In the last week, the industry has seen its average Zacks Rank improve, and it has gone from an average Zacks Rank of 2.95 to a rank of 2.65.  

Best of the Group

There are several promising choices in this industry right now, such as Independence Contract Drilling Inc (ICD Quick QuoteICD - Free Report) , Ocean Rig UDW Inc , Hercules Offshore , and Transocean Ltd (RIG Quick QuoteRIG - Free Report) , all of which have either a #1 (Strong Buy) or #2 (Buy) on the Zacks Rank.

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