Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. ArcelorMittal (MT - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of MT and the rest of the Basic Materials group's stocks.
ArcelorMittal is one of 238 companies in the Basic Materials group. The Basic Materials group currently sits at #16 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 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. MT is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MT's full-year earnings has moved 17.59% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, MT has gained about 0.22% so far this year. In comparison, Basic Materials companies have returned an average of -2.89%. As we can see, ArcelorMittal is performing better than its sector in the calendar year.
Looking more specifically, MT belongs to the Steel - Producers industry, a group that includes 25 individual stocks and currently sits at #109 in the Zacks Industry Rank. This group has lost an average of 1.72% so far this year, so MT is performing better in this area.
MT will likely be looking to continue its solid performance, so investors interested Basic Materials stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. ArcelorMittal (MT - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of MT and the rest of the Basic Materials group's stocks.
ArcelorMittal is one of 238 companies in the Basic Materials group. The Basic Materials group currently sits at #16 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 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. MT is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for MT's full-year earnings has moved 17.59% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, MT has gained about 0.22% so far this year. In comparison, Basic Materials companies have returned an average of -2.89%. As we can see, ArcelorMittal is performing better than its sector in the calendar year.
Looking more specifically, MT belongs to the Steel - Producers industry, a group that includes 25 individual stocks and currently sits at #109 in the Zacks Industry Rank. This group has lost an average of 1.72% so far this year, so MT is performing better in this area.
MT will likely be looking to continue its solid performance, so investors interested Basic Materials stocks should continue to pay close attention to the company.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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