NEW YORK ( TheStreet) -- The consumer cyclical, financial services and technology sectors have been the best performs so far in 2012, according to Morningstar.
The consumer cyclical sector has a total return year to date of 17.19%. Financial services returned 16.47% while technology has a total return of 15.87%.
Tata MotorsIndia's largest carmaker has had a 61.54% total return year to date. "We believe that investment case for Tata Motors' Class A shares (or DVRs) has strengthened as current 48% discount to ordinary shares is close to peak since listing as well as highest compared to global companies," Bank of America Merrill Lynch analysts wrote in a Feb. 28 report. "We already have a Buy on Tata Motors given its exciting business prospects, but Class-A shares seem a more attractive way to play this theme." The one analyst who covers the company rated it hold.