Has Reliance, Inc. (RS) Outpaced Other Basic Materials Stocks This Year?

Group 1 - Reliance is currently ranked 2 (Buy) in the Zacks Rank, indicating a strong potential for outperforming the market in the next one to three months [1] - The Zacks Consensus Estimate for Reliance's full-year earnings has increased by 1.8% over the past quarter, reflecting improved analyst sentiment [2] - Reliance has returned 9% year-to-date, significantly outperforming the Basic Materials group, which has seen an average loss of 0.4% [2] Group 2 - Reliance is part of the Mining - Miscellaneous industry, which includes 60 companies and currently ranks 189 in the Zacks Industry Rank, with an average loss of 6.1% this year [3] - SilverCrest Metals Inc. is another stock in the Basic Materials sector that has outperformed, with a year-to-date increase of 30.8% and a Zacks Rank of 2 (Buy) [2][3] - Both Reliance and SilverCrest Metals Inc. are expected to continue their solid performance in the Basic Materials sector [3]