Published on 9 Aug 2022 on Zacks via Yahoo Finance
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Cal-Maine Foods (CALM) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Cal-Maine Foods is a member of the Basic Materials sector. This group includes 242 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Cal-Maine Foods is currently sporting a Zacks Rank of #1 (Strong Buy).
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