Jhe consumer discretionary group has many attractive stocks, but investors should always look for companies that are outperforming their peers. Bassett Furniture (BSET) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to those of the sector as a whole? Let’s take a closer look at the stock’s year-to-date performance to find out.
Bassett Furniture is a member of the Consumer Discretionary sector. This group comprises 290 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank assesses the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Ranking 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 revisions to earnings estimates and favors companies with improving earnings prospects. Bassett Furniture currently sports a Zacks rating of #1 (Strong Buy).
Over the past 90 days, the Zacks consensus estimate for BSET’s annual earnings rose 22.9%. That means analyst sentiment is stronger and the stock’s earnings outlook is improving.
Our latest available data shows that BSET has returned around 38.8% since the start of the calendar year. Meanwhile, stocks in the consumer discretionary group lost around 30% on average. This shows that Bassett Furniture is outperforming its peers so far this year.
iQIYI, Inc. Sponsored ADR (IQ) is another consumer discretionary stock that has outperformed the sector so far this year. Since the start of the year, the stock has gained 0.2%.
In the last three months, the consensus estimate of ADR-sponsored iQIYI, Inc. EPS for the current year has increased by 48%. The stock currently has a Zacks rank #2 (buy).
Specifically, Bassett Furniture belongs to the furniture industry, which comprises 8 individual stocks and is currently ranked 148th in the Zacks industry rankings. This group has lost an average of 14.9% so far this year, so BSET is performing better in this area.
On the other hand, iQIYI, Inc. Sponsored ADR belongs to the film and television production and distribution industry. This 8-stock industry is currently ranked #231. The industry has evolved by -24.8% since the beginning of the year.
Investors interested in the consumer discretionary sector may want to keep a close eye on Bassett Furniture and iQIYI, Inc. Sponsored ADR as they attempt to continue their strong performance.
Zacks names ‘only one best choice for doubling up’
From thousands of stocks, 5 Zacks experts have each picked their favorite to skyrocket by +100% or more in the coming months. Of these 5, Research Director Sheraz Mian selects one to have the most explosive advantage of all.
It’s a little-known chemical company that’s up 65% year-on-year, but still very cheap. With relentless demand, rising earnings estimates for 2022 and $1.5 billion for stock buybacks, retail investors could jump in at any moment.
This company could rival or surpass other recent Zacks stocks which are expected to double, such as Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one. year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.