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Are Computer and Technology Stocks Lagging Micron Technology (MU) This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Micron (MU - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Micron is a member of our Computer and Technology group, which includes 605 different companies and currently sits at #4 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 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. Micron is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MU's full-year earnings has moved 19.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, MU has gained about 66.4% so far this year. At the same time, Computer and Technology stocks have gained an average of 18.2%. This means that Micron is outperforming the sector as a whole this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Calix (CALX - Free Report) . The stock has returned 80.7% year-to-date.
In Calix's case, the consensus EPS estimate for the current year increased 166.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Micron belongs to the Computer - Integrated Systems industry, which includes 10 individual stocks and currently sits at #33 in the Zacks Industry Rank. On average, stocks in this group have gained 32.2% this year, meaning that MU is performing better in terms of year-to-date returns.
On the other hand, Calix belongs to the Internet - Software industry. This 173-stock industry is currently ranked #66. The industry has moved +22% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Micron and Calix as they attempt to continue their solid performance.
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Are Computer and Technology Stocks Lagging Micron Technology (MU) This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Micron (MU - 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? Let's take a closer look at the stock's year-to-date performance to find out.
Micron is a member of our Computer and Technology group, which includes 605 different companies and currently sits at #4 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 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. Micron is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MU's full-year earnings has moved 19.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, MU has gained about 66.4% so far this year. At the same time, Computer and Technology stocks have gained an average of 18.2%. This means that Micron is outperforming the sector as a whole this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is Calix (CALX - Free Report) . The stock has returned 80.7% year-to-date.
In Calix's case, the consensus EPS estimate for the current year increased 166.7% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Micron belongs to the Computer - Integrated Systems industry, which includes 10 individual stocks and currently sits at #33 in the Zacks Industry Rank. On average, stocks in this group have gained 32.2% this year, meaning that MU is performing better in terms of year-to-date returns.
On the other hand, Calix belongs to the Internet - Software industry. This 173-stock industry is currently ranked #66. The industry has moved +22% year to date.
Investors interested in the Computer and Technology sector may want to keep a close eye on Micron and Calix as they attempt to continue their solid performance.