Published on 30 May 2023 on Zacks via Yahoo Finance
Are Finance Stocks Lagging Argo Blockchain (ARBK) This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Argo Blockchain PLC Sponsored ADR (ARBK) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Argo Blockchain PLC Sponsored ADR is one of 872 companies in the Finance group. The Finance group currently sits at #16 within 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. Argo Blockchain PLC Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy).