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Is BUNGE GLOBAL SA (BG) Outperforming Other Basic Materials Stocks This Year?
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For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Bunge Global (BG - 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.
Bunge Global is one of 275 individual stocks in the Basic Materials sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Bunge Global is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BG's full-year earnings has moved 1.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, BG has gained about 25.3% so far this year. Meanwhile, the Basic Materials sector has returned an average of 16.8% on a year-to-date basis. As we can see, Bunge Global is performing better than its sector in the calendar year.
One other Basic Materials stock that has outperformed the sector so far this year is Intrepid Potash (IPI - Free Report) . The stock is up 33% year-to-date.
For Intrepid Potash, the consensus EPS estimate for the current year has increased 14.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Bunge Global belongs to the Agriculture - Products industry, a group that includes 3 individual stocks and currently sits at #53 in the Zacks Industry Rank. Stocks in this group have gained about 18% so far this year, so BG is performing better this group in terms of year-to-date returns.
In contrast, Intrepid Potash falls under the Fertilizers industry. Currently, this industry has 6 stocks and is ranked #33. Since the beginning of the year, the industry has moved +14.3%.
Investors with an interest in Basic Materials stocks should continue to track Bunge Global and Intrepid Potash. These stocks will be looking to continue their solid performance.
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Is BUNGE GLOBAL SA (BG) Outperforming Other Basic Materials Stocks This Year?
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Bunge Global (BG - 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.
Bunge Global is one of 275 individual stocks in the Basic Materials sector. Collectively, these companies sit at #15 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. Bunge Global is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for BG's full-year earnings has moved 1.6% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, BG has gained about 25.3% so far this year. Meanwhile, the Basic Materials sector has returned an average of 16.8% on a year-to-date basis. As we can see, Bunge Global is performing better than its sector in the calendar year.
One other Basic Materials stock that has outperformed the sector so far this year is Intrepid Potash (IPI - Free Report) . The stock is up 33% year-to-date.
For Intrepid Potash, the consensus EPS estimate for the current year has increased 14.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Bunge Global belongs to the Agriculture - Products industry, a group that includes 3 individual stocks and currently sits at #53 in the Zacks Industry Rank. Stocks in this group have gained about 18% so far this year, so BG is performing better this group in terms of year-to-date returns.
In contrast, Intrepid Potash falls under the Fertilizers industry. Currently, this industry has 6 stocks and is ranked #33. Since the beginning of the year, the industry has moved +14.3%.
Investors with an interest in Basic Materials stocks should continue to track Bunge Global and Intrepid Potash. These stocks will be looking to continue their solid performance.