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Is CF Industries (CF) Outperforming Other Basic Materials Stocks This Year?
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The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has CF Industries (CF - 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.
CF Industries is a member of the Basic Materials sector. This group includes 235 individual stocks and currently holds a Zacks Sector Rank of #11. 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 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. CF Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CF's full-year earnings has moved 14.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CF has moved about 5.3% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of -0.5%. This means that CF Industries is outperforming the sector as a whole this year.
One other Basic Materials stock that has outperformed the sector so far this year is Alamos Gold (AGI - Free Report) . The stock is up 43.9% year-to-date.
For Alamos Gold, the consensus EPS estimate for the current year has increased 4.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CF Industries belongs to the Fertilizers industry, a group that includes 8 individual companies and currently sits at #157 in the Zacks Industry Rank. Stocks in this group have lost about 16.6% so far this year, so CF is performing better this group in terms of year-to-date returns.
In contrast, Alamos Gold falls under the Mining - Gold industry. Currently, this industry has 38 stocks and is ranked #16. Since the beginning of the year, the industry has moved +22.1%.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to CF Industries and Alamos Gold as they could maintain their solid performance.
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Is CF Industries (CF) Outperforming 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 CF Industries (CF - 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.
CF Industries is a member of the Basic Materials sector. This group includes 235 individual stocks and currently holds a Zacks Sector Rank of #11. 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 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. CF Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for CF's full-year earnings has moved 14.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CF has moved about 5.3% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of -0.5%. This means that CF Industries is outperforming the sector as a whole this year.
One other Basic Materials stock that has outperformed the sector so far this year is Alamos Gold (AGI - Free Report) . The stock is up 43.9% year-to-date.
For Alamos Gold, the consensus EPS estimate for the current year has increased 4.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, CF Industries belongs to the Fertilizers industry, a group that includes 8 individual companies and currently sits at #157 in the Zacks Industry Rank. Stocks in this group have lost about 16.6% so far this year, so CF is performing better this group in terms of year-to-date returns.
In contrast, Alamos Gold falls under the Mining - Gold industry. Currently, this industry has 38 stocks and is ranked #16. Since the beginning of the year, the industry has moved +22.1%.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to CF Industries and Alamos Gold as they could maintain their solid performance.