We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Has VALE (VALE) Outpaced Other Basic Materials Stocks This Year?
Read MoreHide Full Article
Investors focused on the Basic Materials space have likely heard of VALE (VALE - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of VALE and the rest of the Basic Materials group's stocks.
VALE is one of 245 individual stocks in the Basic Materials sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. VALE is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for VALE's full-year earnings has moved 48.53% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, VALE has gained about 26.13% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 25.39% on average. This means that VALE is performing better than its sector in terms of year-to-date returns.
To break things down more, VALE belongs to the Mining - Iron industry, a group that includes 2 individual companies and currently sits at #235 in the Zacks Industry Rank. Stocks in this group have gained about 30.55% so far this year, so VALE is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to VALE as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has VALE (VALE) Outpaced Other Basic Materials Stocks This Year?
Investors focused on the Basic Materials space have likely heard of VALE (VALE - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of VALE and the rest of the Basic Materials group's stocks.
VALE is one of 245 individual stocks in the Basic Materials sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. 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 is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. VALE is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for VALE's full-year earnings has moved 48.53% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, VALE has gained about 26.13% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 25.39% on average. This means that VALE is performing better than its sector in terms of year-to-date returns.
To break things down more, VALE belongs to the Mining - Iron industry, a group that includes 2 individual companies and currently sits at #235 in the Zacks Industry Rank. Stocks in this group have gained about 30.55% so far this year, so VALE is slightly underperforming its industry this group in terms of year-to-date returns.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to VALE as it looks to continue its solid performance.