Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Is Amazon.com (AMZN - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.
Amazon.com is one of 223 companies in the Retail-Wholesale group. The Retail-Wholesale group currently sits at #6 within 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. AMZN is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AMZN's full-year earnings has moved 2.21% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, AMZN has gained about 20.77% so far this year. At the same time, Retail-Wholesale stocks have gained an average of 15.36%. This means that Amazon.com is performing better than its sector in terms of year-to-date returns.
Breaking things down more, AMZN is a member of the Internet - Commerce industry, which includes 28 individual companies and currently sits at #168 in the Zacks Industry Rank. On average, stocks in this group have gained 23.77% this year, meaning that AMZN is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Retail-Wholesale stocks should continue to track AMZN. The stock will be looking to continue its solid performance.