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Are Computer and Technology Stocks Lagging Lam Research (LRCX) 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 Lam Research (LRCX - 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.
Lam Research is a member of our Computer and Technology group, which includes 621 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Lam Research is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LRCX's full-year earnings has moved 18.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, LRCX has returned 98.7% so far this year. At the same time, Computer and Technology stocks have gained an average of 22.8%. As we can see, Lam Research is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Avnet (AVT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 112.7%.
Over the past three months, Avnet's consensus EPS estimate for the current year has increased 43.1%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Lam Research belongs to the Electronics - Semiconductors industry, a group that includes 50 individual companies and currently sits at #70 in the Zacks Industry Rank. This group has gained an average of 35.7% so far this year, so LRCX is performing better in this area.
In contrast, Avnet falls under the Electronics - Parts Distribution industry. Currently, this industry has 4 stocks and is ranked #6. Since the beginning of the year, the industry has moved +78%.
Investors interested in the Computer and Technology sector may want to keep a close eye on Lam Research and Avnet as they attempt to continue their solid performance.
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Are Computer and Technology Stocks Lagging Lam Research (LRCX) This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Lam Research (LRCX - 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.
Lam Research is a member of our Computer and Technology group, which includes 621 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Lam Research is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for LRCX's full-year earnings has moved 18.7% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, LRCX has returned 98.7% so far this year. At the same time, Computer and Technology stocks have gained an average of 22.8%. As we can see, Lam Research is performing better than its sector in the calendar year.
Another stock in the Computer and Technology sector, Avnet (AVT - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 112.7%.
Over the past three months, Avnet's consensus EPS estimate for the current year has increased 43.1%. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Lam Research belongs to the Electronics - Semiconductors industry, a group that includes 50 individual companies and currently sits at #70 in the Zacks Industry Rank. This group has gained an average of 35.7% so far this year, so LRCX is performing better in this area.
In contrast, Avnet falls under the Electronics - Parts Distribution industry. Currently, this industry has 4 stocks and is ranked #6. Since the beginning of the year, the industry has moved +78%.
Investors interested in the Computer and Technology sector may want to keep a close eye on Lam Research and Avnet as they attempt to continue their solid performance.