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Just been digging into some of the best consumer discretionary stocks this year and found something interesting. Columbia Sportswear (COLM) is absolutely crushing it compared to the rest of its sector.
So here's the thing - the broader Consumer Discretionary group is actually down about 3% year-to-date, but COLM is up 16.6%. That's a pretty massive gap. The stock has a Zacks Rank of 1 (Strong Buy) and analyst estimates for full-year earnings have jumped 15.6% in just the last quarter. That kind of estimate revision usually means people are getting more bullish on the company.
When you look at the Textile-Apparel industry specifically, that group is up about 7% this year, and COLM is outperforming even that. It's one of 255 companies in the Consumer Discretionary space, but clearly not all of them are moving the same direction.
Flexsteel Industries (FLXS) is another one worth watching from the same sector - it's up 35% year-to-date with similar strong analyst sentiment. Both stocks seem to be among the best consumer discretionary stocks right now if you're looking for outperformers.
The Consumer Discretionary group overall ranks 11th in the Zacks Sector rankings, so there are definitely opportunities in this space. But finding the ones actually beating the market is what matters. COLM and FLXS look like they're doing exactly that. If you're hunting for best consumer discretionary stocks to track, these two deserve a closer look at what's driving their outperformance versus the broader sector decline.