Are Consumer Staples Stocks Lagging Fomento Economico Mexicano (FMX) This Year?

Investors interested in Consumer Staples stocks are always on the lookout for top-performing companies in the sector. One such company is Fomento Economico (FMX). Fomento Economico is part of the Consumer Staples sector, which includes 193 individual stocks and is currently ranked #14 in the Zacks Sector Rank.

The Zacks Rank, which focuses on earnings estimates and revisions, has given Fomento Economico a #1 (Strong Buy) rating. Analyst sentiment for FMX has improved, with the Zacks Consensus Estimate for the company’s full-year earnings increasing by 9.7% in the past quarter.

So far this year, FMX has returned 2.4%, outperforming the average gain of 1.9% for Consumer Staples stocks. Another strong performer in the sector is JAPAN TOB (JAPAY), which has seen a 2% increase year-to-date. The consensus estimate for JAPAY’s current year EPS has also risen by 4.3% over the past three months, earning the stock a Zacks Rank #2 (Buy).

Fomento Economico operates in the Beverages – Soft drinks industry, which includes 16 companies and is currently ranked #40 in the Zacks Industry Rank. The industry has gained an average of 1.2% so far this year, with FMX performing better than the group. On the other hand, JAPAN TOB is part of the Tobacco industry, which consists of 7 stocks and is ranked #104. This industry has seen a decrease of -0.4% year-to-date.

Both Fomento Economico and JAPAN TOB have shown strong performance and could continue to do so. Investors interested in Consumer Staples stocks should keep a close eye on these companies for potential opportunities.