Is BorgWarner (BWA) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?

For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Has BorgWarner (BWA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.BorgWarner is one of 103 companies in the Auto-Tires-Trucks group. The Auto-Tires-Trucks group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BorgWarner is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for BWA's full-year earnings has moved 4.8% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Our latest available data shows that BWA has returned about 29.1% since the start of the calendar year. At the same time, Auto-Tires-Trucks stocks have lost an average of 4.9%. As we can see, BorgWarner is performing better than its sector in the calendar year.Another Auto-Tires-Trucks stock, which has outperformed the sector so far this year, is Cooper-Standard (CPS). The stock has returned 20.3% year-to-date.Over the past three months, Cooper-Standard's consensus EPS estimate for the current year has increased 17%. The stock currently has a Zacks Rank #2 (Buy).To break things down more, BorgWarner belongs to the Automotive - Original Equipment industry, a group that includes 54 individual companies and currently sits at #89 in the Zacks Industry Rank. This group has gained an average of 6% so far this year, so BWA is performing better in this area. Cooper-Standard is also part of the same industry.Investors with an interest in Auto-Tires-Trucks stocks should continue to track BorgWarner and Cooper-Standard. These stocks will be looking to continue their solid performance.Radical New Technology Could Hand Investors Huge GainsQuantum 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 BorgWarner Inc. (BWA): Free Stock Analysis Report Cooper-Standard Holdings Inc. (CPS): 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