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Are Industrial Products Stocks Lagging ABB (ABBNY) This Year?
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For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. ABB (ABBNY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
ABB is one of 221 individual stocks in the Industrial Products sector. Collectively, these companies sit at #4 in 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. ABB is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ABBNY's full-year earnings has moved 3.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ABBNY has returned about 21.9% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of 5.1% on a year-to-date basis. As we can see, ABB is performing better than its sector in the calendar year.
Another stock in the Industrial Products sector, DISCO CORP (DSCSY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 59.4%.
In DISCO CORP's case, the consensus EPS estimate for the current year increased 7.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ABB is a member of the Manufacturing - Electronics industry, which includes 16 individual companies and currently sits at #34 in the Zacks Industry Rank. On average, this group has gained an average of 19.6% so far this year, meaning that ABBNY is performing better in terms of year-to-date returns.
DISCO CORP, however, belongs to the Manufacturing - Material Handling industry. Currently, this 3-stock industry is ranked #2. The industry has moved +12.6% so far this year.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to ABB and DISCO CORP as they could maintain their solid performance.
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Are Industrial Products Stocks Lagging ABB (ABBNY) This Year?
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. ABB (ABBNY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
ABB is one of 221 individual stocks in the Industrial Products sector. Collectively, these companies sit at #4 in 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. ABB is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for ABBNY's full-year earnings has moved 3.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ABBNY has returned about 21.9% since the start of the calendar year. Meanwhile, the Industrial Products sector has returned an average of 5.1% on a year-to-date basis. As we can see, ABB is performing better than its sector in the calendar year.
Another stock in the Industrial Products sector, DISCO CORP (DSCSY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 59.4%.
In DISCO CORP's case, the consensus EPS estimate for the current year increased 7.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, ABB is a member of the Manufacturing - Electronics industry, which includes 16 individual companies and currently sits at #34 in the Zacks Industry Rank. On average, this group has gained an average of 19.6% so far this year, meaning that ABBNY is performing better in terms of year-to-date returns.
DISCO CORP, however, belongs to the Manufacturing - Material Handling industry. Currently, this 3-stock industry is ranked #2. The industry has moved +12.6% so far this year.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to ABB and DISCO CORP as they could maintain their solid performance.