Is Liberty Media Corporation - Liberty Formula One Series C (FWONK) Stock Outpacing Its Consumer Discretionary Peers This Year?

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Liberty Media Corporation - Liberty Formula One Series C (FWONK) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.Liberty Media Corporation - Liberty Formula One Series C is a member of our Consumer Discretionary group, which includes 254 different companies and currently sits at #11 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Liberty Media Corporation - Liberty Formula One Series C is currently sporting a Zacks Rank of #2 (Buy).Over the past three months, the Zacks Consensus Estimate for FWONK's full-year earnings has moved 42.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the most recent data, FWONK has returned 12.2% so far this year. Meanwhile, the Consumer Discretionary sector has returned an average of 11.7% on a year-to-date basis. As we can see, Liberty Media Corporation - Liberty Formula One Series C is performing better than its sector in the calendar year.Skillz Inc. (SKLZ) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 41%.The consensus estimate for Skillz Inc.'s current year EPS has increased 0.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Liberty Media Corporation - Liberty Formula One Series C belongs to the Media Conglomerates industry, a group that includes 17 individual companies and currently sits at #83 in the Zacks Industry Rank. On average, this group has gained an average of 12.7% so far this year, meaning that FWONK is slightly underperforming its industry in terms of year-to-date returns. Skillz Inc., however, belongs to the Gaming industry. Currently, this 39-stock industry is ranked #78. The industry has moved +16.3% so far this year.Liberty Media Corporation - Liberty Formula One Series C and Skillz Inc. could continue their solid performance, so investors interested in Consumer Discretionary stocks should continue to pay close attention to these stocks.#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 Liberty Media Corporation - Liberty Formula One Series C (FWONK): Free Stock Analysis Report Skillz Inc. (SKLZ): 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