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 Alphabet (GOOGL - 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.
Alphabet is a member of our Computer and Technology group, which includes 630 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. GOOGL is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GOOGL's full-year earnings has moved 0.52% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, GOOGL has gained about 6.89% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 3.58% on a year-to-date basis. This shows that Alphabet is outperforming its peers so far this year.
Looking more specifically, GOOGL belongs to the Internet - Services industry, which includes 50 individual stocks and currently sits at #171 in the Zacks Industry Rank. Stocks in this group have gained about 6.76% so far this year, so GOOGL is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on GOOGL 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 Alphabet (GOOGL - 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.
Alphabet is a member of our Computer and Technology group, which includes 630 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
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. GOOGL is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for GOOGL's full-year earnings has moved 0.52% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, GOOGL has gained about 6.89% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 3.58% on a year-to-date basis. This shows that Alphabet is outperforming its peers so far this year.
Looking more specifically, GOOGL belongs to the Internet - Services industry, which includes 50 individual stocks and currently sits at #171 in the Zacks Industry Rank. Stocks in this group have gained about 6.76% so far this year, so GOOGL is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on GOOGL 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 >>
Get the latest research report on GOOGL - FREE