Are Consumer Discretionary Stocks Lagging Codere Online Luxembourg (CDRO) This Year?

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Codere Online Luxembourg, S.A. (CDRO) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.Codere Online Luxembourg, S.A. is a member of our Consumer Discretionary group, which includes 246 different companies and currently sits at #8 in 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 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. Codere Online Luxembourg, S.A. is currently sporting a Zacks Rank of #2 (Buy).Within the past quarter, the Zacks Consensus Estimate for CDRO's full-year earnings has moved 1.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.Based on the most recent data, CDRO has returned 27% so far this year. At the same time, Consumer Discretionary stocks have lost an average of 8.8%. This means that Codere Online Luxembourg, S.A. is outperforming the sector as a whole this year.Another stock in the Consumer Discretionary sector, Traeger (COOK), has outperformed the sector so far this year. The stock's year-to-date return is 33.8%.For Traeger, the consensus EPS estimate for the current year has increased 66% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, Codere Online Luxembourg, S.A. belongs to the Gaming industry, a group that includes 38 individual companies and currently sits at #165 in the Zacks Industry Rank. This group has lost an average of 16.9% so far this year, so CDRO is performing better in this area. Traeger, however, belongs to the Consumer Products - Discretionary industry. Currently, this 26-stock industry is ranked #80. The industry has moved +2.4% so far this year.Investors interested in the Consumer Discretionary sector may want to keep a close eye on Codere Online Luxembourg, S.A. and Traeger as they attempt 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 >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks