Is Ingevity (NGVT) Outperforming Other Basic Materials Stocks This Year?

Group 1 - Ingevity (NGVT) has shown strong performance in the Basic Materials sector, with a year-to-date return of 12.6%, significantly outperforming the sector average of -7.3% [4] - The Zacks Consensus Estimate for Ingevity's full-year earnings has increased by 29% over the past quarter, indicating improved analyst sentiment and a more positive earnings outlook [4] - Ingevity holds a Zacks Rank of 1 (Strong Buy), suggesting it is positioned to outperform the market in the near term [3] Group 2 - Ingevity is part of the Chemical - Specialty industry, which has seen an average loss of 17.5% year-to-date, further highlighting Ingevity's relative strength within its industry [6] - Another stock in the Basic Materials sector, Nouveau Monde Graphite Inc. (NMG), has also outperformed the sector with a year-to-date return of 32.1% and a Zacks Rank of 2 (Buy) [5] - The Mining - Miscellaneous industry, to which Nouveau Monde Graphite belongs, has experienced a year-to-date decline of 18.7%, indicating that both Ingevity and Nouveau Monde Graphite are performing well compared to their respective industries [6]