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Lithium Americas Corp. (LAC) Outpaces Stock Market Gains: What You Should Know

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Lithium Americas Corp. (LAC) closed at $30.46 in the latest trading session, marking a +1.47% move from the prior day. This change outpaced the S&P 500's 0.08% gain on the day. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq lost 0.42%.

Prior to today's trading, shares of the metals and mining company had gained 4.42% over the past month. This has lagged the Basic Materials sector's gain of 7.48% and outpaced the S&P 500's gain of 0.22% in that time.

Wall Street will be looking for positivity from Lithium Americas Corp. as it approaches its next earnings report date. The company is expected to report EPS of -$0.12, down 20% from the prior-year quarter.

Investors might also notice recent changes to analyst estimates for Lithium Americas Corp.Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 92.31% higher. Lithium Americas Corp. currently has a Zacks Rank of #3 (Hold).

The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 101, putting it in the top 40% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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