Why Cameco (CCJ) Outpaced the Stock Market Today

Heading into today, shares of the uranium producer had lost 7.56% over the past month, lagging the Basic Materials sector's loss of 4.96% and the S&P 500's gain of 3.22% in that time. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Mining - Miscellaneous industry is part of the Basic Materials se ...