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Are Retail-Wholesale Stocks Lagging PC Connection (CNXN) This Year?
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The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has PC Connection (CNXN - 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.
PC Connection is one of 190 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. 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. PC Connection is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CNXN's full-year earnings has moved 6.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CNXN has gained about 44.6% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 1% on a year-to-date basis. This shows that PC Connection is outperforming its peers so far this year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Five Below (FIVE - Free Report) . The stock has returned 27.4% year-to-date.
Over the past three months, Five Below's consensus EPS estimate for the current year has increased 5.8%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, PC Connection is a member of the Retail - Computer Hardware industry, which includes 1 individual companies and currently sits at #1 in the Zacks Industry Rank. On average, stocks in this group have gained 44.6% this year, meaning that CNXN is performing on par in terms of year-to-date returns.
In contrast, Five Below falls under the Retail - Miscellaneous industry. Currently, this industry has 14 stocks and is ranked #209. Since the beginning of the year, the industry has moved -15.5%.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on PC Connection and Five Below as they attempt to continue their solid performance.
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Are Retail-Wholesale Stocks Lagging PC Connection (CNXN) This Year?
The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has PC Connection (CNXN - 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.
PC Connection is one of 190 individual stocks in the Retail-Wholesale sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. 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. PC Connection is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CNXN's full-year earnings has moved 6.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, CNXN has gained about 44.6% so far this year. Meanwhile, the Retail-Wholesale sector has returned an average of 1% on a year-to-date basis. This shows that PC Connection is outperforming its peers so far this year.
Another Retail-Wholesale stock, which has outperformed the sector so far this year, is Five Below (FIVE - Free Report) . The stock has returned 27.4% year-to-date.
Over the past three months, Five Below's consensus EPS estimate for the current year has increased 5.8%. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, PC Connection is a member of the Retail - Computer Hardware industry, which includes 1 individual companies and currently sits at #1 in the Zacks Industry Rank. On average, stocks in this group have gained 44.6% this year, meaning that CNXN is performing on par in terms of year-to-date returns.
In contrast, Five Below falls under the Retail - Miscellaneous industry. Currently, this industry has 14 stocks and is ranked #209. Since the beginning of the year, the industry has moved -15.5%.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on PC Connection and Five Below as they attempt to continue their solid performance.