Are Industrial Products Stocks Lagging ABB (ABBNY) This Year?

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is ABB (ABBNY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.ABB is a member of the Industrial Products sector. This group includes 190 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. ABB is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for ABBNY's full-year earnings has moved 2.6% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Our latest available data shows that ABBNY has returned about 6.1% since the start of the calendar year. At the same time, Industrial Products stocks have lost an average of 3.7%. As we can see, ABB is performing better than its sector in the calendar year.Another stock in the Industrial Products sector, Stratasys (SSYS), has outperformed the sector so far this year. The stock's year-to-date return is 16.1%.For Stratasys, the consensus EPS estimate for the current year has increased 54.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, ABB is a member of the Manufacturing - Electronics industry, which includes 17 individual companies and currently sits at #62 in the Zacks Industry Rank. On average, this group has lost an average of 10.2% so far this year, meaning that ABBNY is performing better in terms of year-to-date returns.In contrast, Stratasys falls under the Commercial Printing industry. Currently, this industry has 5 stocks and is ranked #18. Since the beginning of the year, the industry has moved -22.5%.Investors interested in the Industrial Products sector may want to keep a close eye on ABB and Stratasys as they attempt to continue their solid performance.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.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 ABB Ltd (ABBNY): Free Stock Analysis Report Stratasys, Ltd. (SSYS): 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