We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is NIO (NIO) Outperforming Other Auto-Tires-Trucks Stocks This Year?
Read MoreHide Full Article
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Has NIO (NIO - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
NIO is one of 105 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. NIO is currently sporting a Zacks Rank of #3 (Hold).
Within the past quarter, the Zacks Consensus Estimate for NIO's full-year earnings has moved 15.12% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, NIO has moved about -20% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of 0.79%. This means that NIO is outperforming the sector as a whole this year.
Breaking things down more, NIO is a member of the Automotive - Foreign industry, which includes 23 individual companies and currently sits at #80 in the Zacks Industry Rank. On average, stocks in this group have lost 5.69% this year, meaning that NIO is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Auto-Tires-Trucks sector will want to keep a close eye on NIO as it attempts to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is NIO (NIO) Outperforming Other Auto-Tires-Trucks Stocks This Year?
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Has NIO (NIO - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
NIO is one of 105 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. NIO is currently sporting a Zacks Rank of #3 (Hold).
Within the past quarter, the Zacks Consensus Estimate for NIO's full-year earnings has moved 15.12% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, NIO has moved about -20% on a year-to-date basis. In comparison, Auto-Tires-Trucks companies have returned an average of 0.79%. This means that NIO is outperforming the sector as a whole this year.
Breaking things down more, NIO is a member of the Automotive - Foreign industry, which includes 23 individual companies and currently sits at #80 in the Zacks Industry Rank. On average, stocks in this group have lost 5.69% this year, meaning that NIO is slightly underperforming its industry in terms of year-to-date returns.
Investors in the Auto-Tires-Trucks sector will want to keep a close eye on NIO as it attempts to continue its solid performance.