We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is NVIDIA (NVDA) Stock Outpacing Its Computer and Technology Peers This Year?
Read MoreHide Full Article
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is NVIDIA (NVDA - 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.
NVIDIA is one of 612 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. NVDA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for NVDA's full-year earnings has moved 3.10% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that NVDA has returned about 49.53% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 4.85%. This means that NVIDIA is performing better than its sector in terms of year-to-date returns.
Looking more specifically, NVDA belongs to the Semiconductor - General industry, which includes 8 individual stocks and currently sits at #23 in the Zacks Industry Rank. Stocks in this group have gained about 13.24% so far this year, so NVDA is performing better this group in terms of year-to-date returns.
NVDA will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is NVIDIA (NVDA) Stock Outpacing Its Computer and Technology Peers This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is NVIDIA (NVDA - 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.
NVIDIA is one of 612 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. NVDA is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for NVDA's full-year earnings has moved 3.10% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that NVDA has returned about 49.53% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 4.85%. This means that NVIDIA is performing better than its sector in terms of year-to-date returns.
Looking more specifically, NVDA belongs to the Semiconductor - General industry, which includes 8 individual stocks and currently sits at #23 in the Zacks Industry Rank. Stocks in this group have gained about 13.24% so far this year, so NVDA is performing better this group in terms of year-to-date returns.
NVDA will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.