When it comes to Consumer Discretionary stocks, investors are always on the lookout for the top-performing companies in the sector. One such company to consider is Liberty Media Corporation – Liberty Formula One Series C (FWONK). Let’s take a look at how this stock has been performing compared to others in the Consumer Discretionary sector this year.
As a member of the Consumer Discretionary sector, which consists of 285 individual stocks, Liberty Media Corporation – Liberty Formula One Series C currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank assesses the strength of sector groups based on the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a reliable model that identifies stocks with the potential to outperform the market in the next one to three months. It focuses on earnings estimate revisions and favors companies with improving earnings outlooks. Liberty Media Corporation – Liberty Formula One Series C currently has a Zacks Rank of #1 (Strong Buy).
In the past quarter, the Zacks Consensus Estimate for FWONK’s full-year earnings has risen by 27.7%, indicating a positive trend in analyst sentiment and earnings outlook.
Since the beginning of the year, FWONK has seen a return of about 15.8%, while the average return for Consumer Discretionary stocks has been -3.8%. This shows that Liberty Media Corporation – Liberty Formula One Series C is outperforming the sector as a whole in terms of year-to-date returns.
Another standout in the Consumer Discretionary sector is Hasbro (HAS), with a year-to-date return of 18%. The consensus EPS estimate for Hasbro’s current year has increased by 10.7% over the past three months, and the stock also holds a Zacks Rank #1 (Strong Buy).
Liberty Media Corporation – Liberty Formula One Series C operates in the Media Conglomerates industry, which consists of 13 individual stocks and currently ranks #97 in the Zacks Industry Rank. Stocks in this industry have gained about 7.3% so far this year, indicating that FWONK is performing better than the industry average in terms of returns.
On the other hand, Hasbro belongs to the Toys – Games – Hobbies industry, which includes 6 stocks and currently ranks #37. This industry has seen a slight decline of -0.6% since the beginning of the year.
Investors interested in Consumer Discretionary stocks should keep a close eye on both Liberty Media Corporation – Liberty Formula One Series C and Hasbro, as they have shown strong performance and potential for continued success.