Are Consumer Discretionary Stocks Lagging ADTALEM GBL EDU (ATGE) This Year?
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For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Adtalem Global Education (ATGE) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Adtalem Global Education is one of 261 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #10 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 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. Adtalem Global Education is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for ATGE's full-year earnings has moved 1.5% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the latest available data, ATGE has gained about 6.8% so far this year. In comparison, Consumer Discretionary companies have returned an average of 2.9%. This shows that Adtalem Global Education is outperforming its peers so far this year.Another stock in the Consumer Discretionary sector, G-III Apparel Group (GIII), has outperformed the sector so far this year. The stock's year-to-date return is 3.5%.For G-III Apparel Group, the consensus EPS estimate for the current year has increased 6.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Adtalem Global Education belongs to the Schools industry, which includes 18 individual stocks and currently sits at #72 in the Zacks Industry Rank. On average, stocks in this group have lost 0.5% this year, meaning that ATGE is performing better in terms of year-to-date returns. G-III Apparel Group, however, belongs to the Textile - Apparel industry. Currently, this 22-stock industry is ranked #66. The industry has moved -13% so far this year.Investors with an interest in Consumer Discretionary stocks should continue to track Adtalem Global Education and G-III Apparel Group. These stocks will be looking to continue their solid performance.#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>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 Adtalem Global Education Inc. (ATGE): Free Stock Analysis Report G-III Apparel Group, LTD. (GIII): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks
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Quelle: Zacks