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Is Dell Technologies (DELL) 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. Is Dell Technologies (DELL - Free Report) one of those stocks right now? 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.
Dell Technologies is a member of the Computer and Technology sector. This group includes 619 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Dell Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for DELL's full-year earnings has moved 41.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, DELL has moved about 262.6% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 13.9% on a year-to-date basis. As we can see, Dell Technologies is performing better than its sector in the calendar year.
CDW (CDW - 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 21.2%.
In CDW's case, the consensus EPS estimate for the current year increased 1.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Dell Technologies belongs to the Computer - Micro Computers industry, which includes 5 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, stocks in this group have gained 33.1% this year, meaning that DELL is performing better in terms of year-to-date returns.
CDW, however, belongs to the Computers - IT Services industry. Currently, this 45-stock industry is ranked #92. The industry has moved -5.5% so far this year.
Investors interested in the Computer and Technology sector may want to keep a close eye on Dell Technologies and CDW as they attempt to continue their solid performance.
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Is Dell Technologies (DELL) 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. Is Dell Technologies (DELL - Free Report) one of those stocks right now? 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.
Dell Technologies is a member of the Computer and Technology sector. This group includes 619 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. Dell Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for DELL's full-year earnings has moved 41.4% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, DELL has moved about 262.6% on a year-to-date basis. Meanwhile, the Computer and Technology sector has returned an average of 13.9% on a year-to-date basis. As we can see, Dell Technologies is performing better than its sector in the calendar year.
CDW (CDW - 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 21.2%.
In CDW's case, the consensus EPS estimate for the current year increased 1.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Dell Technologies belongs to the Computer - Micro Computers industry, which includes 5 individual stocks and currently sits at #26 in the Zacks Industry Rank. On average, stocks in this group have gained 33.1% this year, meaning that DELL is performing better in terms of year-to-date returns.
CDW, however, belongs to the Computers - IT Services industry. Currently, this 45-stock industry is ranked #92. The industry has moved -5.5% so far this year.
Investors interested in the Computer and Technology sector may want to keep a close eye on Dell Technologies and CDW as they attempt to continue their solid performance.