We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
Are Computer and Technology Stocks Lagging Intel (INTC) 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. Is Intel (INTC - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Intel is a member of the Computer and Technology sector. This group includes 625 individual stocks and currently holds a Zacks Sector Rank of #4. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Intel is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for INTC's full-year earnings has moved 380.7% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, INTC has returned 65.5% so far this year. In comparison, Computer and Technology companies have returned an average of 46.4%. This shows that Intel is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Meta Platforms (META - Free Report) . The stock has returned 169.9% year-to-date.
The consensus estimate for Meta Platforms' current year EPS has increased 6.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Intel belongs to the Semiconductor - General industry, a group that includes 8 individual companies and currently sits at #35 in the Zacks Industry Rank. On average, stocks in this group have gained 131.9% this year, meaning that INTC is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Meta Platforms falls under the Internet - Software industry. Currently, this industry has 148 stocks and is ranked #30. Since the beginning of the year, the industry has moved +58.4%.
Investors interested in the Computer and Technology sector may want to keep a close eye on Intel and Meta Platforms as they attempt to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Computer and Technology Stocks Lagging Intel (INTC) 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. Is Intel (INTC - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Intel is a member of the Computer and Technology sector. This group includes 625 individual stocks and currently holds a Zacks Sector Rank of #4. 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 system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Intel is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for INTC's full-year earnings has moved 380.7% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, INTC has returned 65.5% so far this year. In comparison, Computer and Technology companies have returned an average of 46.4%. This shows that Intel is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Meta Platforms (META - Free Report) . The stock has returned 169.9% year-to-date.
The consensus estimate for Meta Platforms' current year EPS has increased 6.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Intel belongs to the Semiconductor - General industry, a group that includes 8 individual companies and currently sits at #35 in the Zacks Industry Rank. On average, stocks in this group have gained 131.9% this year, meaning that INTC is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Meta Platforms falls under the Internet - Software industry. Currently, this industry has 148 stocks and is ranked #30. Since the beginning of the year, the industry has moved +58.4%.
Investors interested in the Computer and Technology sector may want to keep a close eye on Intel and Meta Platforms as they attempt to continue their solid performance.