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Is Applied Materials (AMAT) Outperforming Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of Applied Materials (AMAT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Applied Materials is a member of the Computer and Technology sector. This group includes 637 individual stocks and currently holds a Zacks Sector Rank of #10. 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. AMAT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AMAT's full-year earnings has moved 1.27% 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, AMAT has gained about 26.79% so far this year. In comparison, Computer and Technology companies have returned an average of 15.48%. This means that Applied Materials is outperforming the sector as a whole this year.
Looking more specifically, AMAT belongs to the Semiconductor Equipment - Wafer Fabrication industry, which includes 5 individual stocks and currently sits at #183 in the Zacks Industry Rank. Stocks in this group have gained about 30.88% so far this year, so AMAT is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track AMAT. The stock will be looking to continue its solid performance.
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Is Applied Materials (AMAT) Outperforming Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Applied Materials (AMAT - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Applied Materials is a member of the Computer and Technology sector. This group includes 637 individual stocks and currently holds a Zacks Sector Rank of #10. 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. AMAT is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for AMAT's full-year earnings has moved 1.27% 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, AMAT has gained about 26.79% so far this year. In comparison, Computer and Technology companies have returned an average of 15.48%. This means that Applied Materials is outperforming the sector as a whole this year.
Looking more specifically, AMAT belongs to the Semiconductor Equipment - Wafer Fabrication industry, which includes 5 individual stocks and currently sits at #183 in the Zacks Industry Rank. Stocks in this group have gained about 30.88% so far this year, so AMAT is slightly underperforming its industry this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track AMAT. The stock will be looking to continue its solid performance.