Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and JULIE MAK

Cal-Maine Foods Stock Receives Composite Rating Upgrade

The IBD SmartSelect Composite Rating for Cal-Maine Foods rose from 92 to 96 Friday. The shelled egg producer stock has 95 Relative Strength Rating.

The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that's a good starting point when looking for the best stocks to buy and watch.

Since hitting a 52-week high of 59.95 on April 4, Cal-Maine Foods stock has pulled back below its 50-moving average and is now out of buy range. See it the stock forms another pattern for another buying opportunity.

Looking For Winning Stocks? This 3-Step Routine

 

One weak spot is the company's 45 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 B- shows moderate buying by institutional investors over the last 13 weeks.

The company posted a 189% increase in earnings for Q3. Top line growth climbed 33%, up from 13% in the prior report. That marks three consecutive reports with increasing revenue gains.

Cal-Maine Foods stock earns the No. 4 rank among its peers in the Food-Meat Products industry group. Pilgrims Pride is the top-ranked stock within the group.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.