NIO Stock Outperforms Auto-Tires-Trucks Peers This Year

NIO Inc. (NIO) stock outperformed its Auto-Tires-Trucks peers this year, returning 14.1%, while the sector lost 11.4%. The company's Zacks Rank of #2 (Buy) and 27.7% increase in full-year earnings estimates support its strong performance. NIO belongs to the Automotive - Foreign industry, which has lost 6% this year. Strattec Security (STRT) also outperformed the sector, with a 0.3% year-to-date return and a Zacks Rank of #1 (Strong Buy).