Investors focused on the Computer and Technology space have likely heard of Advanced Micro Devices (AMD - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Advanced Micro Devices is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. AMD is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AMD's full-year earnings has moved 21.53% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AMD has gained about 48.93% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 5.44% on average. This means that Advanced Micro Devices is performing better than its sector in terms of year-to-date returns.
To break things down more, AMD belongs to the Electronics - Semiconductors industry, a group that includes 35 individual companies and currently sits at #154 in the Zacks Industry Rank. Stocks in this group have lost about 0.95% so far this year, so AMD is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track AMD. 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 >>
Investors focused on the Computer and Technology space have likely heard of Advanced Micro Devices (AMD - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
Advanced Micro Devices is a member of the Computer and Technology sector. This group includes 630 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. AMD is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AMD's full-year earnings has moved 21.53% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AMD has gained about 48.93% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 5.44% on average. This means that Advanced Micro Devices is performing better than its sector in terms of year-to-date returns.
To break things down more, AMD belongs to the Electronics - Semiconductors industry, a group that includes 35 individual companies and currently sits at #154 in the Zacks Industry Rank. Stocks in this group have lost about 0.95% so far this year, so AMD is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track AMD. 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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