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Is Cameco (CCJ) Outperforming Other Basic Materials Stocks This Year?
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For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cameco (CCJ - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cameco is one of 244 individual stocks in the Basic Materials sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Cameco is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CCJ's full-year earnings has moved 80.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CCJ has returned 16.4% so far this year. At the same time, Basic Materials stocks have lost an average of 14.1%. This means that Cameco is outperforming the sector as a whole this year.
One other Basic Materials stock that has outperformed the sector so far this year is CF Industries (CF - Free Report) . The stock is up 50.5% year-to-date.
Over the past three months, CF Industries' consensus EPS estimate for the current year has increased 1.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Cameco belongs to the Mining - Miscellaneous industry, which includes 50 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, stocks in this group have lost 10.9% this year, meaning that CCJ is performing better in terms of year-to-date returns.
CF Industries, however, belongs to the Fertilizers industry. Currently, this 7-stock industry is ranked #193. The industry has moved +26.7% so far this year.
Investors with an interest in Basic Materials stocks should continue to track Cameco and CF Industries. These stocks will be looking to continue their solid performance.
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Is Cameco (CCJ) Outperforming Other Basic Materials Stocks This Year?
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cameco (CCJ - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cameco is one of 244 individual stocks in the Basic Materials sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Cameco is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for CCJ's full-year earnings has moved 80.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CCJ has returned 16.4% so far this year. At the same time, Basic Materials stocks have lost an average of 14.1%. This means that Cameco is outperforming the sector as a whole this year.
One other Basic Materials stock that has outperformed the sector so far this year is CF Industries (CF - Free Report) . The stock is up 50.5% year-to-date.
Over the past three months, CF Industries' consensus EPS estimate for the current year has increased 1.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Cameco belongs to the Mining - Miscellaneous industry, which includes 50 individual stocks and currently sits at #89 in the Zacks Industry Rank. On average, stocks in this group have lost 10.9% this year, meaning that CCJ is performing better in terms of year-to-date returns.
CF Industries, however, belongs to the Fertilizers industry. Currently, this 7-stock industry is ranked #193. The industry has moved +26.7% so far this year.
Investors with an interest in Basic Materials stocks should continue to track Cameco and CF Industries. These stocks will be looking to continue their solid performance.