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Has Chemours Company (CC) Outpaced Other Basic Materials Stocks This Year?
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Investors focused on the Basic Materials space have likely heard of Chemours Company (The) (CC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
Chemours Company (The) is one of 242 companies in the Basic Materials group. The Basic Materials group currently sits at #4 within the Zacks Sector Rank. 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 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. CC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CC's full-year earnings has moved 6.41% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CC has gained about 1.22% so far this year. In comparison, Basic Materials companies have returned an average of -1.96%. As we can see, Chemours Company (The) is performing better than its sector in the calendar year.
Looking more specifically, CC belongs to the Chemical - Diversified industry, which includes 44 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, stocks in this group have lost 6.17% this year, meaning that CC is performing better in terms of year-to-date returns.
Investors in the Basic Materials sector will want to keep a close eye on CC as it attempts to continue its solid performance.
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Has Chemours Company (CC) Outpaced Other Basic Materials Stocks This Year?
Investors focused on the Basic Materials space have likely heard of Chemours Company (The) (CC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
Chemours Company (The) is one of 242 companies in the Basic Materials group. The Basic Materials group currently sits at #4 within the Zacks Sector Rank. 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 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. CC is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CC's full-year earnings has moved 6.41% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the latest available data, CC has gained about 1.22% so far this year. In comparison, Basic Materials companies have returned an average of -1.96%. As we can see, Chemours Company (The) is performing better than its sector in the calendar year.
Looking more specifically, CC belongs to the Chemical - Diversified industry, which includes 44 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, stocks in this group have lost 6.17% this year, meaning that CC is performing better in terms of year-to-date returns.
Investors in the Basic Materials sector will want to keep a close eye on CC as it attempts to continue its solid performance.