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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Industrias Bachoco (IBA) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Industrias Bachoco (IBA) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
TRST, IBA, and EVBN made it to the Zacks Rank #1 (Strong Buy) income stocks list on July 28, 2022.
IBA's main activities are producing feed, raising chickens, and marketing chicken products. IBA is outperforming similarly situated peers.
Bachoco sells chicken in Mexico, which means it needs meal. The Ukraine invasion which has taken a lot of grain off the market from both Russia and Ukraine means substitute meal prices rise in general.
Vertically integrated business Industrias Bachoco claims to be one of the ten largest poultry producers globally. The company sells eggs, balanced feed, swine, and turkey among other valued-added products. Under normal circumstances, I believe that management will successfully move from bulk to packaged white eggs.
Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA ) Q1 2022 Earnings Conference Call April 29, 2022 12:00 PM ET Company Participants Maria Jaquez – Investor Relations Rodolfo Ramos – Chief Executive Officer Daniel Salazar – Chief Financial Officer Conference Call Participants Luis Willard – GBM Juan Ponce – Bradesco BBI Ulises Argote – JPMorgan Alan Alanis – Santander Jay Hill – Tweedy, Browne Operator Good morning.