Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Annaly Capital Management (NLY - 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 NLY and the rest of the Finance group's stocks.
Annaly Capital Management is a member of the Finance sector. This group includes 856 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. NLY is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for NLY's full-year earnings has moved 4.39% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, NLY has gained about 2.65% so far this year. Meanwhile, the Finance sector has returned an average of 13.50% on a year-to-date basis. This means that Annaly Capital Management is performing better than its sector in terms of year-to-date returns.
Looking more specifically, NLY belongs to the REIT and Equity Trust industry, which includes 30 individual stocks and currently sits at #96 in the Zacks Industry Rank. This group has gained an average of 11.73% so far this year, so NLY is slightly underperforming its industry in this area.
Investors with an interest in Finance stocks should continue to track NLY. The stock will be looking to continue its solid performance.
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 Finance stocks should always be looking to find the best-performing companies in the group. Annaly Capital Management (NLY - 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 NLY and the rest of the Finance group's stocks.
Annaly Capital Management is a member of the Finance sector. This group includes 856 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. NLY is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for NLY's full-year earnings has moved 4.39% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, NLY has gained about 2.65% so far this year. Meanwhile, the Finance sector has returned an average of 13.50% on a year-to-date basis. This means that Annaly Capital Management is performing better than its sector in terms of year-to-date returns.
Looking more specifically, NLY belongs to the REIT and Equity Trust industry, which includes 30 individual stocks and currently sits at #96 in the Zacks Industry Rank. This group has gained an average of 11.73% so far this year, so NLY is slightly underperforming its industry in this area.
Investors with an interest in Finance stocks should continue to track NLY. The stock will be looking to continue its solid performance.
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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