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Are Computer and Technology Stocks Lagging Hewlett Packard (HPE) 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. Has Hewlett Packard Enterprise (HPE - 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.
Hewlett Packard Enterprise is a member of the Computer and Technology sector. This group includes 613 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Hewlett Packard Enterprise is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for HPE's full-year earnings has moved 15.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, HPE has moved about 136% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 16.9%. This means that Hewlett Packard Enterprise is performing better than its sector in terms of year-to-date returns.
Another Computer and Technology stock, which has outperformed the sector so far this year, is ASE Technology Hldg (ASX - Free Report) . The stock has returned 135.7% year-to-date.
Over the past three months, ASE Technology Hldg's consensus EPS estimate for the current year has increased 9.9%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Hewlett Packard Enterprise belongs to the Computer - Integrated Systems industry, which includes 11 individual stocks and currently sits at #41 in the Zacks Industry Rank. Stocks in this group have gained about 105.7% so far this year, so HPE is performing better this group in terms of year-to-date returns.
In contrast, ASE Technology Hldg falls under the Electronics - Semiconductors industry. Currently, this industry has 49 stocks and is ranked #46. Since the beginning of the year, the industry has moved +22.9%.
Hewlett Packard Enterprise and ASE Technology Hldg could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.
View the Zacks #1 Rank List
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Are Computer and Technology Stocks Lagging Hewlett Packard (HPE) This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Hewlett Packard Enterprise (HPE - 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.
Hewlett Packard Enterprise is a member of the Computer and Technology sector. This group includes 613 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 is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Hewlett Packard Enterprise is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for HPE's full-year earnings has moved 15.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, HPE has moved about 136% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 16.9%. This means that Hewlett Packard Enterprise is performing better than its sector in terms of year-to-date returns.
Another Computer and Technology stock, which has outperformed the sector so far this year, is ASE Technology Hldg (ASX - Free Report) . The stock has returned 135.7% year-to-date.
Over the past three months, ASE Technology Hldg's consensus EPS estimate for the current year has increased 9.9%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Hewlett Packard Enterprise belongs to the Computer - Integrated Systems industry, which includes 11 individual stocks and currently sits at #41 in the Zacks Industry Rank. Stocks in this group have gained about 105.7% so far this year, so HPE is performing better this group in terms of year-to-date returns.
In contrast, ASE Technology Hldg falls under the Electronics - Semiconductors industry. Currently, this industry has 49 stocks and is ranked #46. Since the beginning of the year, the industry has moved +22.9%.
Hewlett Packard Enterprise and ASE Technology Hldg could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.