8 Red Days In A Row: Cameco Stock Is Down 9.9%
Cameco (CCJ) stock has fallen for 8 consecutive trading days, losing 9.9% over that stretch. That erased about $4.1 billion from the company’s market value, which now stands at about $37.1 billion. The stock closed at $85.18 on Friday, October 2, 36.5% below its 52-week high of $134.09 and 7.5% above its low of $79.22.
The Streak Next To The S&P 500
Returns for CCJ and the S&P 500 over the streak and the periods around it, all ending Friday, October 2 and including dividends:
| Return Period | CCJ | S&P 500 |
|---|---|---|
| 1 Day | -0.6% | 0.7% |
| 8 Days (Current Streak) | -9.9% | -0.5% |
| 1 Month (21 Trading Days) | -11.6% | 0.8% |
| 3 Months (63 Trading Days) | -12.6% | 2.7% |
| Year To Date | -6.9% | 13.8% |
| 1 Year (252 Trading Days) | 2.3% | 16.4% |
Is This Move About Cameco Or The Market?
The market explains little of this: the S&P 500 lost 0.5% over the same 8 sessions, including dividends, against Cameco’s -9.9%. Over the past three months the stock is down 12.6%, a window that includes the streak; over the other 55 sessions of that window it was down 3.0%.
What The Numbers Say About The Slide
On the fundamentals, revenue declined 2.7% over the last twelve months, against a median of 12.5% for S&P 500 Energy stocks; and its operating margin is 15.1%, versus a median of 22.9%. At least one of the last four quarters was a loss, so a price-to-earnings multiple would not be a meaningful yardstick here. The fundamentals give the sellers some support: shrinking revenue and margins below the median.
If the drop has you weighing an entry, resist buying on price alone. Our Buy the Dip screen ranks the marked-down names where growth and cash generation still hold up.
Prefer the theme to the single name? An energy ETF like XLE holds the whole group, not just this stock. It is still a concentrated bet on one theme, which is the gap the portfolio below is built to close.
Weakness In One Name Should Be Noise, Not News
For a diversified holder, a streak like this is a data point. For a concentrated one, it is a hole in the plan. The difference is never the stock; it is the portfolio built around it.
Building that portfolio is what the Trefis High Quality (HQ) Portfolio does: roughly 30 businesses with the cash generation and balance-sheet strength to absorb a bad month, selected and rebalanced by rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Make the next streak, in either direction, someone else’s drama.