For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Intel (INTC - 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.
Intel is a member of our Computer and Technology group, which includes 638 different companies and currently sits at #9 in the Zacks Sector Rank. 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 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. INTC is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for INTC's full-year earnings has moved 3.36% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that INTC has returned about 8.46% since the start of the calendar year. In comparison, Computer and Technology companies have returned an average of 21.99%. This shows that Intel is outperforming its peers so far this year.
To break things down more, INTC belongs to the Semiconductor - General industry, a group that includes 8 individual companies and currently sits at #112 in the Zacks Industry Rank. On average, this group has gained an average of 21.78% so far this year, meaning that INTC is slightly underperforming its industry in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track INTC. The stock will be looking to continue its solid performance.