Cal-Maine Foods saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 94 to 97.
The new score means the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Cal-Maine Foods is now out of buy range after breaking out from a 72.70 buy point in a flat base.
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One weak spot is the company's 60 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company reported a 15,200% rise in earnings for Q1. That means it's now posted four straight quarters of rising EPS growth. Top line growth increased 71%, up from -7% in the prior quarter. That marks three quarters of rising growth. The company's next quarterly report is expected on or around Dec. 17.
Cal-Maine Foods holds the No. 1 rank among its peers in the Food-Meat Products industry group. Pilgrim's Pride and Vital Farms are also among the group's highest-rated stocks.
