For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has CHOW TAI FOOK (CJEWY) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
CHOW TAI FOOK is one of 210 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. CHOW TAI FOOK is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CJEWY's full-year earnings has moved 20.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, CJEWY has moved about 32.9% on a year-to-date basis. In comparison, Retail-Wholesale companies have returned an average of -4%. This shows that CHOW TAI FOOK is outperforming its peers so far this year.
Another stock in the Retail-Wholesale sector, Nordstrom (JWN), has outperformed the sector so far this year. The stock's year-to-date return is 0.3%.
In Nordstrom's case, the consensus EPS estimate for the current year increased 7.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, CHOW TAI FOOK is a member of the Retail - Jewelry industry, which includes 6 individual companies and currently sits at #12 in the Zacks Industry Rank. Stocks in this group have lost about 26.4% so far this year, so CJEWY is performing better this group in terms of year-to-date returns.
In contrast, Nordstrom falls under the Retail - Apparel and Shoes industry. Currently, this industry has 42 stocks and is ranked #154. Since the beginning of the year, the industry has moved -25.3%.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on CHOW TAI FOOK and Nordstrom as they attempt to continue their solid performance.
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CHOW TAI FOOK (CJEWY): Free Stock Analysis Report Nordstrom, Inc. (JWN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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