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Is Broadcom (AVGO) Stock Outpacing Its Computer and Technology Peers This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Broadcom Inc. (AVGO - 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.
Broadcom Inc. is a member of the Computer and Technology sector. This group includes 597 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Broadcom Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AVGO's full-year earnings has moved 14.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AVGO has returned about 1.3% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of -1.8%. As we can see, Broadcom Inc. is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, ASM International NV (ASMIY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 41.9%.
Over the past three months, ASM International NV's consensus EPS estimate for the current year has increased 1.3%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Broadcom Inc. belongs to the Electronics - Semiconductors industry, a group that includes 47 individual companies and currently sits at #91 in the Zacks Industry Rank. This group has gained an average of 11.5% so far this year, so AVGO is slightly underperforming its industry in this area.
On the other hand, ASM International NV belongs to the Semiconductor - Communications industry. This 2-stock industry is currently ranked #1.
Broadcom Inc. and ASM International NV could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
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Is Broadcom (AVGO) Stock Outpacing Its Computer and Technology Peers This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Broadcom Inc. (AVGO - 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.
Broadcom Inc. is a member of the Computer and Technology sector. This group includes 597 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Broadcom Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AVGO's full-year earnings has moved 14.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that AVGO has returned about 1.3% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of -1.8%. As we can see, Broadcom Inc. is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, ASM International NV (ASMIY - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 41.9%.
Over the past three months, ASM International NV's consensus EPS estimate for the current year has increased 1.3%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Broadcom Inc. belongs to the Electronics - Semiconductors industry, a group that includes 47 individual companies and currently sits at #91 in the Zacks Industry Rank. This group has gained an average of 11.5% so far this year, so AVGO is slightly underperforming its industry in this area.
On the other hand, ASM International NV belongs to the Semiconductor - Communications industry. This 2-stock industry is currently ranked #1.
Broadcom Inc. and ASM International NV could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.