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.
Are Computer and Technology Stocks Lagging Arrow Electronics (ARW) 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. Has Arrow Electronics (ARW - Free Report) been one of those stocks this year? 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.
Arrow Electronics is a member of our Computer and Technology group, which includes 607 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Arrow Electronics is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ARW's full-year earnings has moved 11.6% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ARW has returned about 27.5% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of -4.6%. As we can see, Arrow Electronics is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Flex (FLEX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 5%.
In Flex's case, the consensus EPS estimate for the current year increased 2.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Arrow Electronics belongs to the Electronics - Parts Distribution industry, a group that includes 4 individual stocks and currently sits at #91 in the Zacks Industry Rank. On average, stocks in this group have gained 14.2% this year, meaning that ARW is performing better in terms of year-to-date returns.
Flex, however, belongs to the Electronics - Miscellaneous Products industry. Currently, this 35-stock industry is ranked #22. The industry has moved +14.5% so far this year.
Investors interested in the Computer and Technology sector may want to keep a close eye on Arrow Electronics and Flex as they attempt to continue their solid performance.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Are Computer and Technology Stocks Lagging Arrow Electronics (ARW) 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. Has Arrow Electronics (ARW - Free Report) been one of those stocks this year? 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.
Arrow Electronics is a member of our Computer and Technology group, which includes 607 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Arrow Electronics is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ARW's full-year earnings has moved 11.6% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ARW has returned about 27.5% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of -4.6%. As we can see, Arrow Electronics is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Flex (FLEX - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 5%.
In Flex's case, the consensus EPS estimate for the current year increased 2.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Arrow Electronics belongs to the Electronics - Parts Distribution industry, a group that includes 4 individual stocks and currently sits at #91 in the Zacks Industry Rank. On average, stocks in this group have gained 14.2% this year, meaning that ARW is performing better in terms of year-to-date returns.
Flex, however, belongs to the Electronics - Miscellaneous Products industry. Currently, this 35-stock industry is ranked #22. The industry has moved +14.5% so far this year.
Investors interested in the Computer and Technology sector may want to keep a close eye on Arrow Electronics and Flex as they attempt to continue their solid performance.