The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Alexander's (ALX) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Alexander's is one of 865 individual stocks in the Finance sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. 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 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. Alexander's is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for ALX's full-year earnings has moved 7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, ALX has returned 16.4% so far this year. In comparison, Finance companies have returned an average of 13.2%. As we can see, Alexander's is performing better than its sector in the calendar year.
Another stock in the Finance sector, Affiliated Managers Group (AMG), has outperformed the sector so far this year. The stock's year-to-date return is 38.8%.
Over the past three months, Affiliated Managers Group's consensus EPS estimate for the current year has increased 5.4%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, Alexander's is a member of the REIT and Equity Trust - Other industry, which includes 97 individual companies and currently sits at #72 in the Zacks Industry Rank. This group has gained an average of 3.5% so far this year, so ALX is performing better in this area.
Affiliated Managers Group, however, belongs to the Financial - Investment Management industry. Currently, this 34-stock industry is ranked #64. The industry has moved -9.7% so far this year.
Going forward, investors interested in Finance stocks should continue to pay close attention to Alexander's and Affiliated Managers Group as they could maintain their solid performance.
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Alexander's, Inc. (ALX): Free Stock Analysis Report Affiliated Managers Group, Inc. (AMG): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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