Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has China Yuchai (CYD) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
China Yuchai is a member of our Auto-Tires-Trucks group, which includes 104 different companies and currently sits at #12 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. China Yuchai is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CYD's full-year earnings has moved 5.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, CYD has moved about 32.6% on a year-to-date basis. At the same time, Auto-Tires-Trucks stocks have lost an average of 9.9%. This means that China Yuchai is performing better than its sector in terms of year-to-date returns.
Another stock in the Auto-Tires-Trucks sector, Visteon (VC), has outperformed the sector so far this year. The stock's year-to-date return is 9.7%.
In Visteon's case, the consensus EPS estimate for the current year increased 0.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, China Yuchai belongs to the Automotive - Original Equipment industry, a group that includes 52 individual companies and currently sits at #162 in the Zacks Industry Rank. Stocks in this group have gained about 2.9% so far this year, so CYD is performing better this group in terms of year-to-date returns. Visteon is also part of the same industry.
China Yuchai and Visteon could continue their solid performance, so investors interested in Auto-Tires-Trucks stocks should continue to pay close attention to these stocks.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power .
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
China Yuchai International Limited (CYD): Free Stock Analysis Report
Visteon Corporation (VC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).