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Sociedad Quimica y Minera de Chile (SQM) Looks Good: Stock Adds 5.1% in Session
Sociedad Quimica y Minera de Chile S.A. (SQM - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company for the company—as the stock is now up 41.7% in the past one-month time frame.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Sociedad Quimica. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Sociedad Quimicacurrently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Sociedad Quimica y Minera S.A. Price and Consensus
Sociedad Quimica y Minera S.A. Price and Consensus | Sociedad Quimica y Minera S.A. Quote
Another stock worth considering in the Basic Materials sector is Intrepid Potash, Inc. (IPI - Free Report) which carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is SQM going up? Or down? Predict to see what others think: Up or Down.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>