Are Conglomerates Stocks Lagging Mitsubishi (MSBHF) This Year?

Group 1 - Mitsubishi Corp. is one of 16 companies in the Conglomerates group and currently ranks 5 within the Zacks Sector Rank [2] - The Zacks Rank system emphasizes earnings estimates and revisions, with Mitsubishi Corp. holding a Zacks Rank of 1 (Strong Buy) [3] - The Zacks Consensus Estimate for Mitsubishi Corp.'s full-year earnings has increased by 7.1% in the past quarter, indicating improved analyst sentiment [4] Group 2 - Mitsubishi Corp. has returned 24% year-to-date, significantly outperforming the average gain of 1.7% for Conglomerates stocks [4] - Another Conglomerates stock, Swire Pacific, has returned 2.4% year-to-date and has a Zacks Rank of 2 (Buy) [5] - Both Mitsubishi Corp. and Swire Pacific belong to the Diversified Operations industry, which includes 16 companies and currently ranks 88 in the Zacks Industry Rank [6]