Published on 13 Feb 2024 on Zacks via Yahoo Finance

Are Consumer Discretionary Stocks Lagging Cedar Fair (FUN) This Year?

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Cedar Fair, L.P. (FUN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.

Cedar Fair, L.P. is a member of our Consumer Discretionary group, which includes 292 different companies and currently sits at #9 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Cedar Fair, L.P. is currently sporting a Zacks Rank of #2 (Buy).