Are Transportation Stocks Lagging Cool Company Ltd. (CLCO) This Year?

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cool Company Ltd. (CLCO) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.Cool Company Ltd. is a member of the Transportation sector. This group includes 122 individual stocks and currently holds a Zacks Sector Rank of #15. 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. Cool Company Ltd. is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for CLCO's full-year earnings has moved 25.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.According to our latest data, CLCO has moved about 21.3% on a year-to-date basis. Meanwhile, stocks in the Transportation group have lost about 5.7% on average. As we can see, Cool Company Ltd. is performing better than its sector in the calendar year.Another stock in the Transportation sector, International Consolidated Airlines Group SA (ICAGY), has outperformed the sector so far this year. The stock's year-to-date return is 41.9%.Over the past three months, International Consolidated Airlines Group SA's consensus EPS estimate for the current year has increased 21.5%. The stock currently has a Zacks Rank #1 (Strong Buy).Breaking things down more, Cool Company Ltd. is a member of the Transportation - Shipping industry, which includes 39 individual companies and currently sits at #77 in the Zacks Industry Rank. On average, stocks in this group have gained 5.2% this year, meaning that CLCO is performing better in terms of year-to-date returns. In contrast, International Consolidated Airlines Group SA falls under the Transportation - Airline industry. Currently, this industry has 26 stocks and is ranked #152. Since the beginning of the year, the industry has moved +4.8%.Going forward, investors interested in Transportation stocks should continue to pay close attention to Cool Company Ltd. and International Consolidated Airlines Group SA as they could maintain their solid performance.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.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 $971 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 Cool Company Ltd. (CLCO): Free Stock Analysis Report International Consolidated Airlines Group SA (ICAGY): 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