Are Auto-Tires-Trucks Stocks Lagging Geely Automobile (GELYY) This Year?

Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Geely Automobile Holdings Ltd. (GELYY) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.Geely Automobile Holdings Ltd. is a member of our Auto-Tires-Trucks group, which includes 96 different companies and currently sits at #16 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.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. Geely Automobile Holdings Ltd. is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past 90 days, the Zacks Consensus Estimate for GELYY's full-year earnings has moved 7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the latest available data, GELYY has gained about 14.7% so far this year. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 16.6% on average. This means that Geely Automobile Holdings Ltd. is performing better than its sector in terms of year-to-date returns.Another stock in the Auto-Tires-Trucks sector, Ferrari (RACE), has outperformed the sector so far this year. The stock's year-to-date return is 15.6%.Over the past three months, Ferrari's consensus EPS estimate for the current year has increased 6.4%. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Geely Automobile Holdings Ltd. belongs to the Automotive - Foreign industry, which includes 22 individual stocks and currently sits at #234 in the Zacks Industry Rank. Stocks in this group have lost about 7.8% so far this year, so GELYY is performing better this group in terms of year-to-date returns. In contrast, Ferrari falls under the Automotive - Original Equipment industry. Currently, this industry has 50 stocks and is ranked #183. Since the beginning of the year, the industry has moved +7.6%.Investors interested in the Auto-Tires-Trucks sector may want to keep a close eye on Geely Automobile Holdings Ltd. and Ferrari as they attempt to continue their solid performance.Higher. Faster. Sooner. Buy These Stocks NowA small number of stocks are primed for a breakout, and you have a chance to get in before they take off.At any given time, there are only 220 Zacks Rank #1 Strong Buys. On average, this list more than doubles the S&P 500. We’ve combed through the latest Strong Buys and selected 7 compelling companies likely to jump sooner and climb higher than any other stock you could buy this month.You'll learn everything you need to know about these exciting trades in our brand-new Special Report, 7 Best Stocks for the Next 30 Days.Download the report free now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Geely Automobile Holdings Ltd. (GELYY): Free Stock Analysis Report Ferrari N.V. (RACE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks