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Is General Motors (GM) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
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The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has General Motors (GM - 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.
General Motors is a member of our Auto-Tires-Trucks group, which includes 85 different companies and currently sits at #13 in 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. GM is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GM's full-year earnings has moved 10.40% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that GM has returned about 16.65% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of 10.39% on a year-to-date basis. This means that General Motors is performing better than its sector in terms of year-to-date returns.
Breaking things down more, GM is a member of the Automotive - Domestic industry, which includes 8 individual companies and currently sits at #79 in the Zacks Industry Rank. On average, stocks in this group have gained 7.43% this year, meaning that GM is performing better in terms of year-to-date returns.
Investors in the Auto-Tires-Trucks sector will want to keep a close eye on GM as it attempts to continue its solid performance.
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Is General Motors (GM) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has General Motors (GM - 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.
General Motors is a member of our Auto-Tires-Trucks group, which includes 85 different companies and currently sits at #13 in 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. GM is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for GM's full-year earnings has moved 10.40% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that GM has returned about 16.65% since the start of the calendar year. Meanwhile, the Auto-Tires-Trucks sector has returned an average of 10.39% on a year-to-date basis. This means that General Motors is performing better than its sector in terms of year-to-date returns.
Breaking things down more, GM is a member of the Automotive - Domestic industry, which includes 8 individual companies and currently sits at #79 in the Zacks Industry Rank. On average, stocks in this group have gained 7.43% this year, meaning that GM is performing better in terms of year-to-date returns.
Investors in the Auto-Tires-Trucks sector will want to keep a close eye on GM as it attempts to continue its solid performance.