We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Are Auto-Tires-Trucks Stocks Lagging Michelin (MGDDY) This Year?
Read MoreHide Full Article
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Michelin (MGDDY - 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? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
Michelin is a member of the Auto-Tires-Trucks sector. This group includes 103 individual stocks and currently holds a Zacks Sector Rank of #10. 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. Michelin is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for MGDDY's full-year earnings has moved 4.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that MGDDY has returned about 21.3% since the start of the calendar year. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 3.1% on average. This shows that Michelin is outperforming its peers so far this year.
Douglas Dynamics (PLOW - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 43.3%.
For Douglas Dynamics, the consensus EPS estimate for the current year has increased 9.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Michelin belongs to the Rubber - Tires industry, which includes 2 individual stocks and currently sits at #88 in the Zacks Industry Rank. This group has lost an average of 3.5% so far this year, so MGDDY is performing better in this area.
Douglas Dynamics, however, belongs to the Automotive - Replacement Parts industry. Currently, this 7-stock industry is ranked #151. The industry has moved +8.2% so far this year.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Michelin and Douglas Dynamics as they could maintain their solid performance.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Are Auto-Tires-Trucks Stocks Lagging Michelin (MGDDY) This Year?
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Michelin (MGDDY - 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? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question.
Michelin is a member of the Auto-Tires-Trucks sector. This group includes 103 individual stocks and currently holds a Zacks Sector Rank of #10. 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. Michelin is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for MGDDY's full-year earnings has moved 4.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that MGDDY has returned about 21.3% since the start of the calendar year. Meanwhile, stocks in the Auto-Tires-Trucks group have lost about 3.1% on average. This shows that Michelin is outperforming its peers so far this year.
Douglas Dynamics (PLOW - Free Report) is another Auto-Tires-Trucks stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 43.3%.
For Douglas Dynamics, the consensus EPS estimate for the current year has increased 9.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Michelin belongs to the Rubber - Tires industry, which includes 2 individual stocks and currently sits at #88 in the Zacks Industry Rank. This group has lost an average of 3.5% so far this year, so MGDDY is performing better in this area.
Douglas Dynamics, however, belongs to the Automotive - Replacement Parts industry. Currently, this 7-stock industry is ranked #151. The industry has moved +8.2% so far this year.
Going forward, investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to Michelin and Douglas Dynamics as they could maintain their solid performance.