Are Consumer Discretionary Stocks Lagging Fox (FOXA) This Year?

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Fox (FOXA) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Fox is one of 266 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.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. Fox is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for FOXA's full-year earnings has moved 7% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the most recent data, FOXA has returned 42.5% so far this year. At the same time, Consumer Discretionary stocks have gained an average of 0.5%. This means that Fox is outperforming the sector as a whole this year.Another stock in the Consumer Discretionary sector, Steven Madden (SHOO), has outperformed the sector so far this year. The stock's year-to-date return is 1.3%.The consensus estimate for Steven Madden's current year EPS has increased 13.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, Fox belongs to the Broadcast Radio and Television industry, a group that includes 19 individual stocks and currently sits at #156 in the Zacks Industry Rank. On average, this group has gained an average of 18% so far this year, meaning that FOXA is performing better in terms of year-to-date returns. Steven Madden, however, belongs to the Shoes and Retail Apparel industry. Currently, this 10-stock industry is ranked #159. The industry has moved -17% so far this year.Investors interested in the Consumer Discretionary sector may want to keep a close eye on Fox and Steven Madden as they attempt to continue their solid performance.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks 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 Fox Corporation (FOXA): Free Stock Analysis Report Steven Madden, Ltd. (SHOO): 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