The Consumer Discretionary group offers many great stocks for investors to consider. One such stock to watch is Churchill Downs (CHDN). This company is part of the Consumer Discretionary group, which currently ranks at #13 within the Zacks Sector Rank.
Churchill Downs has a Zacks Rank of #2 (Buy), indicating its potential for outperformance in the market. Over the past three months, analysts have raised their earnings estimates for CHDN by 2.3%, signaling a positive sentiment towards the stock.
Year-to-date, Churchill Downs has returned about 0.8%, outperforming the average loss of 1.7% seen in the Consumer Discretionary group. Another stock to watch in this sector is Cinemark Holdings (CNK), which has returned 20.7% so far this year and also holds a Zacks Rank of #2 (Buy).
Churchill Downs operates in the Gaming industry, which ranks at #144 in the Zacks Industry Rank. Despite this, the stock has performed well compared to the industry average. On the other hand, Cinemark Holdings belongs to the Leisure and Recreation Services industry, which ranks at #175 and has seen a slight decrease since the beginning of the year.
Both Churchill Downs and Cinemark Holdings have shown strong performance and could continue to do well in the future. Investors interested in Consumer Discretionary stocks should keep an eye on these two companies for potential opportunities.