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.
Has NIKE (NKE) Outpaced Other Consumer Discretionary Stocks This Year?
Read MoreHide Full Article
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is NIKE (NKE - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
NIKE is one of 246 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. NKE is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for NKE's full-year earnings has moved 0.93% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, NKE has moved about 18.72% on a year-to-date basis. At the same time, Consumer Discretionary stocks have gained an average of 6.15%. This shows that NIKE is outperforming its peers so far this year.
Breaking things down more, NKE is a member of the Shoes and Retail Apparel industry, which includes 15 individual companies and currently sits at #30 in the Zacks Industry Rank. On average, this group has gained an average of 15.74% so far this year, meaning that NKE is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to NKE as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has NIKE (NKE) Outpaced Other Consumer Discretionary Stocks This Year?
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is NIKE (NKE - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
NIKE is one of 246 companies in the Consumer Discretionary group. The Consumer Discretionary group currently sits at #10 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. NKE is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for NKE's full-year earnings has moved 0.93% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, NKE has moved about 18.72% on a year-to-date basis. At the same time, Consumer Discretionary stocks have gained an average of 6.15%. This shows that NIKE is outperforming its peers so far this year.
Breaking things down more, NKE is a member of the Shoes and Retail Apparel industry, which includes 15 individual companies and currently sits at #30 in the Zacks Industry Rank. On average, this group has gained an average of 15.74% so far this year, meaning that NKE is performing better in terms of year-to-date returns.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to NKE as it looks to continue its solid performance.