Are Industrial Products Stocks Lagging ABB (ABBNY) This Year?

Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Has ABB (ABBNY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.ABB is a member of our Industrial Products group, which includes 179 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.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. ABB is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past three months, the Zacks Consensus Estimate for ABBNY's full-year earnings has moved 0.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the latest available data, ABBNY has gained about 10% so far this year. Meanwhile, stocks in the Industrial Products group have gained about 5.4% on average. This means that ABB is performing better than its sector in terms of year-to-date returns.Karat Packing (KRT) is another Industrial Products stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 19.7%.For Karat Packing, the consensus EPS estimate for the current year has increased 23.8% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).Breaking things down more, ABB is a member of the Manufacturing - Electronics industry, which includes 13 individual companies and currently sits at #62 in the Zacks Industry Rank. On average, this group has gained an average of 6.7% so far this year, meaning that ABBNY is performing better in terms of year-to-date returns. On the other hand, Karat Packing belongs to the Containers - Paper and Packaging industry. This 11-stock industry is currently ranked #163. The industry has moved -5.7% year to date.ABB and Karat Packing could continue their solid performance, so investors interested in Industrial Products stocks should continue to pay close attention to these stocks.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 ABB Ltd (ABBNY): Free Stock Analysis Report Karat Packaging Inc. (KRT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks