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Is STMicroelectronics N.V. (STM) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors focused on the Computer and Technology space have likely heard of STMicroelectronics N.V. (STM - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of STM and the rest of the Computer and Technology group's stocks.
STMicroelectronics N.V. is a member of the Computer and Technology sector. This group includes 627 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. STM is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for STM's full-year earnings has moved 4.49% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, STM has moved about 7.92% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 10.46%. This means that STMicroelectronics N.V. is performing better than its sector in terms of year-to-date returns.
Looking more specifically, STM belongs to the Semiconductor - General industry, which includes 8 individual stocks and currently sits at #9 in the Zacks Industry Rank. This group has gained an average of 17.23% so far this year, so STM is slightly underperforming its industry in this area.
Investors in the Computer and Technology sector will want to keep a close eye on STM as it attempts to continue its solid performance.
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Is STMicroelectronics N.V. (STM) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of STMicroelectronics N.V. (STM - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of STM and the rest of the Computer and Technology group's stocks.
STMicroelectronics N.V. is a member of the Computer and Technology sector. This group includes 627 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. STM is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for STM's full-year earnings has moved 4.49% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, STM has moved about 7.92% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 10.46%. This means that STMicroelectronics N.V. is performing better than its sector in terms of year-to-date returns.
Looking more specifically, STM belongs to the Semiconductor - General industry, which includes 8 individual stocks and currently sits at #9 in the Zacks Industry Rank. This group has gained an average of 17.23% so far this year, so STM is slightly underperforming its industry in this area.
Investors in the Computer and Technology sector will want to keep a close eye on STM as it attempts to continue its solid performance.