The IBD SmartSelect Composite Rating for Cal-Maine Foods increased from 94 to 98 Tuesday.
The new score tells you the company is now outperforming 98% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Cal-Maine Foods has now climbed above a proper buy zone after breaking out from a 72.70 buy point in a flat base.
Lean How — And When — To Sell Stocks
The stock sports a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of D- shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
The company reported a 1,177% EPS gain for Q2. Top line growth climbed 82%, up from 71% in the prior quarter. That marks four consecutive reports with rising growth. The company's next quarterly report is expected on or around Apr. 1.
Cal-Maine Foods earns the No. 1 rank among its peers in the Food-Meat Products industry group. Pilgrim's Pride and Tyson Foods Cl A are also among the group's highest-rated stocks.
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