The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has NVIDIA (NVDA - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
NVIDIA is one of 630 companies in the Computer and Technology group. The Computer and Technology group currently sits at #9 within the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. NVDA is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for NVDA's full-year earnings has moved 16.17% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, NVDA has returned 37.09% so far this year. At the same time, Computer and Technology stocks have gained an average of 9.60%. As we can see, NVIDIA is performing better than its sector in the calendar year.
Looking more specifically, NVDA belongs to the Semiconductor - General industry, a group that includes 8 individual stocks and currently sits at #9 in the Zacks Industry Rank. This group has gained an average of 22.97% so far this year, so NVDA is performing better in this area.
NVDA will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.
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 Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has NVIDIA (NVDA - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
NVIDIA is one of 630 companies in the Computer and Technology group. The Computer and Technology group currently sits at #9 within the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. NVDA is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for NVDA's full-year earnings has moved 16.17% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, NVDA has returned 37.09% so far this year. At the same time, Computer and Technology stocks have gained an average of 9.60%. As we can see, NVIDIA is performing better than its sector in the calendar year.
Looking more specifically, NVDA belongs to the Semiconductor - General industry, a group that includes 8 individual stocks and currently sits at #9 in the Zacks Industry Rank. This group has gained an average of 22.97% so far this year, so NVDA is performing better in this area.
NVDA will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.
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 >>
Get the latest research report on NVDA - FREE