For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Salesforce.com (CRM - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Salesforce.com is one of 596 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. 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 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. CRM is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CRM's full-year earnings has moved 20.52% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CRM has gained about 34.80% so far this year. At the same time, Computer and Technology stocks have gained an average of 3.49%. This means that Salesforce.com is outperforming the sector as a whole this year.
Looking more specifically, CRM belongs to the Computer - Software industry, which includes 42 individual stocks and currently sits at #93 in the Zacks Industry Rank. On average, this group has gained an average of 18.85% so far this year, meaning that CRM is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on CRM as it attempts 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 >>
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Salesforce.com (CRM - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Salesforce.com is one of 596 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #4 in the Zacks Sector Rank. 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 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. CRM is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for CRM's full-year earnings has moved 20.52% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, CRM has gained about 34.80% so far this year. At the same time, Computer and Technology stocks have gained an average of 3.49%. This means that Salesforce.com is outperforming the sector as a whole this year.
Looking more specifically, CRM belongs to the Computer - Software industry, which includes 42 individual stocks and currently sits at #93 in the Zacks Industry Rank. On average, this group has gained an average of 18.85% so far this year, meaning that CRM is performing better in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on CRM as it attempts 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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