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Strength Seen in CF Industries (CF): Stock Soars 6.4%

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CF Industries Holdings, Inc. CF was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 14.1% in the past one-month time frame.

The stock gained after it received positive reviews from the Wall Street analysts and was upgraded to outperform. 

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for CF Industries. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

CF Industries currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.

CF Industries Holdings, Inc. Price

CF Industries Holdings, Inc. Price | CF Industries Holdings, Inc. Quote

Investors interested in the Basic Materials sector may consider Westlake Chemical Corporation WLK, which also has a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

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