The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Amazon.com (AMZN - 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 AMZN and the rest of the Retail-Wholesale group's stocks.
Amazon.com is one of 208 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #4 in 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AMZN is currently sporting a Zacks Rank of #3 (Hold).
Within the past quarter, the Zacks Consensus Estimate for AMZN's full-year earnings has moved 8.58% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AMZN has returned 6.58% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 1.68%. As we can see, Amazon.com is performing better than its sector in the calendar year.
Looking more specifically, AMZN belongs to the Internet - Commerce industry, a group that includes 36 individual stocks and currently sits at #237 in the Zacks Industry Rank. Stocks in this group have lost about 13.15% so far this year, so AMZN is performing better this group in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track AMZN. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Amazon.com (AMZN - 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 AMZN and the rest of the Retail-Wholesale group's stocks.
Amazon.com is one of 208 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #4 in 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AMZN is currently sporting a Zacks Rank of #3 (Hold).
Within the past quarter, the Zacks Consensus Estimate for AMZN's full-year earnings has moved 8.58% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AMZN has returned 6.58% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 1.68%. As we can see, Amazon.com is performing better than its sector in the calendar year.
Looking more specifically, AMZN belongs to the Internet - Commerce industry, a group that includes 36 individual stocks and currently sits at #237 in the Zacks Industry Rank. Stocks in this group have lost about 13.15% so far this year, so AMZN is performing better this group in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track AMZN. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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