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 Orbia Advance (MXCHY) Outpaced Other Basic Materials Stocks This Year?
Read MoreHide Full Article
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (MXCHY - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR is one of 241 individual stocks in the Basic Materials sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for MXCHY's full-year earnings has moved 93.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, MXCHY has returned 3.8% so far this year. In comparison, Basic Materials companies have returned an average of 3.4%. As we can see, Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR is performing better than its sector in the calendar year.
Another stock in the Basic Materials sector, Mercer International (MERC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 18.9%.
Over the past three months, Mercer International's consensus EPS estimate for the current year has increased 69.9%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR belongs to the Chemical - Specialty industry, a group that includes 33 individual stocks and currently sits at #84 in the Zacks Industry Rank. On average, stocks in this group have lost 19% this year, meaning that MXCHY is performing better in terms of year-to-date returns.
Mercer International, however, belongs to the Paper and Related Products industry. Currently, this 13-stock industry is ranked #29. The industry has moved -0.8% so far this year.
Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR and Mercer International could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Orbia Advance (MXCHY) Outpaced Other Basic Materials Stocks This Year?
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR (MXCHY - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR is one of 241 individual stocks in the Basic Materials sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for MXCHY's full-year earnings has moved 93.5% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, MXCHY has returned 3.8% so far this year. In comparison, Basic Materials companies have returned an average of 3.4%. As we can see, Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR is performing better than its sector in the calendar year.
Another stock in the Basic Materials sector, Mercer International (MERC - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 18.9%.
Over the past three months, Mercer International's consensus EPS estimate for the current year has increased 69.9%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR belongs to the Chemical - Specialty industry, a group that includes 33 individual stocks and currently sits at #84 in the Zacks Industry Rank. On average, stocks in this group have lost 19% this year, meaning that MXCHY is performing better in terms of year-to-date returns.
Mercer International, however, belongs to the Paper and Related Products industry. Currently, this 13-stock industry is ranked #29. The industry has moved -0.8% so far this year.
Orbia Advance Corporation, S.A.B. de C.V. Unsponsored ADR and Mercer International could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.