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Are Computer and Technology Stocks Lagging ASML Holding (ASML) 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. Is ASML (ASML - 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.
ASML is a member of the Computer and Technology sector. This group includes 613 individual stocks and currently holds a Zacks Sector Rank of #3. 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. ASML is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ASML's full-year earnings has moved 22.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ASML has returned about 47.2% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 17.4% on average. This means that ASML is performing better than its sector in terms of year-to-date returns.
Arrow Electronics (ARW - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 94.1%.
Over the past three months, Arrow Electronics' consensus EPS estimate for the current year has increased 10.9%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, ASML belongs to the Semiconductor Equipment - Wafer Fabrication industry, a group that includes 2 individual stocks and currently sits at #7 in the Zacks Industry Rank. This group has gained an average of 46.1% so far this year, so ASML is performing better in this area.
Arrow Electronics, however, belongs to the Electronics - Parts Distribution industry. Currently, this 4-stock industry is ranked #6. The industry has moved +62.2% so far this year.
ASML and Arrow Electronics 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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Are Computer and Technology Stocks Lagging ASML Holding (ASML) This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is ASML (ASML - 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.
ASML is a member of the Computer and Technology sector. This group includes 613 individual stocks and currently holds a Zacks Sector Rank of #3. 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. ASML is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ASML's full-year earnings has moved 22.3% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that ASML has returned about 47.2% since the start of the calendar year. Meanwhile, stocks in the Computer and Technology group have gained about 17.4% on average. This means that ASML is performing better than its sector in terms of year-to-date returns.
Arrow Electronics (ARW - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 94.1%.
Over the past three months, Arrow Electronics' consensus EPS estimate for the current year has increased 10.9%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, ASML belongs to the Semiconductor Equipment - Wafer Fabrication industry, a group that includes 2 individual stocks and currently sits at #7 in the Zacks Industry Rank. This group has gained an average of 46.1% so far this year, so ASML is performing better in this area.
Arrow Electronics, however, belongs to the Electronics - Parts Distribution industry. Currently, this 4-stock industry is ranked #6. The industry has moved +62.2% so far this year.
ASML and Arrow Electronics could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.