Is BGC Group, Inc. (BGC) Stock Outpacing Its Finance Peers This Year?

From Nasdaq: 2024-05-23 09:40:09

BGC Group (BGC) has gained about 19.7% year-to-date, outperforming the Finance sector’s average of 4.5%. With an improved analyst sentiment and positive earnings outlook trend, the stock currently holds a Zacks Rank of #2 (Buy). Coinbase Global, Inc. (COIN) has returned 33.1% year-to-date, with a Zacks Rank #1 (Strong Buy).

BGC Group and Coinbase Global, Inc. belong to the Finance and Securities and Exchanges industries respectively. BGC Group is ranked #15 in the Zacks Industry Rank, while Coinbase Global, Inc. is in an industry ranked #68. Both stocks are showing strong year-to-date returns and potential for further growth in the Finance sector.

Research Chief identifies a “Single Best Pick to Double” stock, targeting millennial and Gen Z audiences. Generating nearly $1 billion in revenue last quarter, this company presents significant upside potential. Investors seeking high-growth opportunities may find this stock appealing amidst market volatility.

Read more at Nasdaq: Is BGC Group, Inc. (BGC) Stock Outpacing Its Finance Peers This Year?