Is Royal Caribbean Cruises (RCL) Outperforming Other Consumer Discretionary Stocks This Year?

The Consumer Discretionary group offers many great stocks for investors to consider, with Royal Caribbean (RCL) being one of them. As one of 286 companies in this group, Royal Caribbean currently holds a strong position at #16 within the Zacks Sector Rank, which ranks sectors based on the average Zacks Rank of individual stocks within them.

Royal Caribbean has been performing well year-to-date, with a Zacks Rank of #1 (Strong Buy) indicating positive analyst sentiment and an improving earnings outlook. In the past three months, the Zacks Consensus Estimate for RCL’s full-year earnings has increased by 10.7%, reflecting growing confidence in the stock.

Since the beginning of the year, Royal Caribbean has returned about 5%, outperforming the Consumer Discretionary sector’s average return of 1.9%. Another standout stock in this sector is Paramount Global (PARAA), which has seen a year-to-date return of 18.7% and holds a Zacks Rank of #2 (Buy).

Royal Caribbean operates in the Leisure and Recreation Services industry, which includes 35 stocks and currently ranks at #175 in the Zacks Industry Rank. Despite this, RCL is performing well compared to the industry’s average year-to-date return of 4.5%. On the other hand, Paramount Global belongs to the Media Conglomerates industry, which has 13 stocks and ranks at #77 with a year-to-date industry return of +20.3%.

Investors interested in the Consumer Discretionary sector should keep an eye on Royal Caribbean and Paramount Global as they continue to deliver strong performances.