We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Lenovo Group (LNVGY) Outperforming Other Computer and Technology Stocks This Year?
Read MoreHide Full Article
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Lenovo Group (LNVGY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of LNVGY and the rest of the Computer and Technology group's stocks.
Lenovo Group is one of 637 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. LNVGY is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LNVGY's full-year earnings has moved 11.48% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, LNVGY has returned 7.46% so far this year. At the same time, Computer and Technology stocks have gained an average of 14.75%. This means that Lenovo Group is performing better than its sector in terms of year-to-date returns.
To break things down more, LNVGY belongs to the Computer - Mini computers industry, a group that includes 4 individual companies and currently sits at #108 in the Zacks Industry Rank. On average, this group has gained an average of 13.90% so far this year, meaning that LNVGY is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to LNVGY as it looks to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Lenovo Group (LNVGY) Outperforming Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Lenovo Group (LNVGY - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of LNVGY and the rest of the Computer and Technology group's stocks.
Lenovo Group is one of 637 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. LNVGY is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for LNVGY's full-year earnings has moved 11.48% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, LNVGY has returned 7.46% so far this year. At the same time, Computer and Technology stocks have gained an average of 14.75%. This means that Lenovo Group is performing better than its sector in terms of year-to-date returns.
To break things down more, LNVGY belongs to the Computer - Mini computers industry, a group that includes 4 individual companies and currently sits at #108 in the Zacks Industry Rank. On average, this group has gained an average of 13.90% so far this year, meaning that LNVGY is slightly underperforming its industry in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to LNVGY as it looks to continue its solid performance.