Looking for strong Basic Materials stocks? Consider companies that outperform their peers like Cameco (CCJ). Cameco, part of the Basic Materials sector, has a Zacks Rank of #1 (Strong Buy). Its year-to-date performance is up 7.6%, outperforming the sector’s average of 6.5%. Analysts have increased CCJ’s full-year earnings estimate by 18% in the past three months.
Another outperformer in the sector is Uranium Energy (UEC), with a 16.1% return since the beginning of the year. UEC has a Zacks Rank #2 (Buy) and its current year EPS estimate has risen by 57.1% in the last three months.
Cameco and Uranium Energy are part of the Mining – Miscellaneous industry, which has gained an average of 7.8% this year. While CCJ is slightly underperforming its industry, both stocks show potential for solid performance in the future.