We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is NetEase (NTES) Stock Outpacing Its Computer and Technology Peers This Year?
Read MoreHide Full Article
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. NetEase (NTES - 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? 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.
NetEase is a member of the Computer and Technology sector. This group includes 631 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. NetEase is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for NTES' full-year earnings has moved 15.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that NTES has returned about 40.2% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 35.2% on a year-to-date basis. As we can see, NetEase is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Nvidia (NVDA - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 212.5%.
The consensus estimate for Nvidia's current year EPS has increased 41.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, NetEase is a member of the Internet - Software and Services industry, which includes 12 individual companies and currently sits at #55 in the Zacks Industry Rank. Stocks in this group have gained about 19.9% so far this year, so NTES is performing better this group in terms of year-to-date returns.
Nvidia, however, belongs to the Semiconductor - General industry. Currently, this 8-stock industry is ranked #110. The industry has moved +122.7% so far this year.
NetEase and Nvidia could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is NetEase (NTES) Stock Outpacing Its Computer and Technology Peers This Year?
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. NetEase (NTES - 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? 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.
NetEase is a member of the Computer and Technology sector. This group includes 631 individual stocks and currently holds a Zacks Sector Rank of #7. 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 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. NetEase is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for NTES' full-year earnings has moved 15.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that NTES has returned about 40.2% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 35.2% on a year-to-date basis. As we can see, NetEase is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Nvidia (NVDA - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 212.5%.
The consensus estimate for Nvidia's current year EPS has increased 41.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, NetEase is a member of the Internet - Software and Services industry, which includes 12 individual companies and currently sits at #55 in the Zacks Industry Rank. Stocks in this group have gained about 19.9% so far this year, so NTES is performing better this group in terms of year-to-date returns.
Nvidia, however, belongs to the Semiconductor - General industry. Currently, this 8-stock industry is ranked #110. The industry has moved +122.7% so far this year.
NetEase and Nvidia could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.