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Is Chemours (CC) Outperforming Other Basic Materials Stocks This Year?
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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Chemours (CC - 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? 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 is one of 238 individual stocks in the Basic Materials sector. Collectively, these companies sit at #11 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 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. Chemours is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CC's full-year earnings has moved 7.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CC has returned about 2.3% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of -11.2%. This means that Chemours is performing better than its sector in terms of year-to-date returns.
SQM (SQM - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 109.3%.
Over the past three months, SQM's consensus EPS estimate for the current year has increased 62.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Chemours belongs to the Chemical - Diversified industry, which includes 35 individual stocks and currently sits at #161 in the Zacks Industry Rank. On average, this group has lost an average of 11.8% so far this year, meaning that CC is performing better in terms of year-to-date returns.
On the other hand, SQM belongs to the Fertilizers industry. This 7-stock industry is currently ranked #156. The industry has moved +32.7% year to date.
Investors with an interest in Basic Materials stocks should continue to track Chemours and SQM. These stocks will be looking to continue their solid performance.
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Is Chemours (CC) Outperforming Other Basic Materials Stocks This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Chemours (CC - 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? 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 is one of 238 individual stocks in the Basic Materials sector. Collectively, these companies sit at #11 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 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. Chemours is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CC's full-year earnings has moved 7.3% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that CC has returned about 2.3% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of -11.2%. This means that Chemours is performing better than its sector in terms of year-to-date returns.
SQM (SQM - Free Report) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 109.3%.
Over the past three months, SQM's consensus EPS estimate for the current year has increased 62.4%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Chemours belongs to the Chemical - Diversified industry, which includes 35 individual stocks and currently sits at #161 in the Zacks Industry Rank. On average, this group has lost an average of 11.8% so far this year, meaning that CC is performing better in terms of year-to-date returns.
On the other hand, SQM belongs to the Fertilizers industry. This 7-stock industry is currently ranked #156. The industry has moved +32.7% year to date.
Investors with an interest in Basic Materials stocks should continue to track Chemours and SQM. These stocks will be looking to continue their solid performance.