The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Dell Technologies (DELL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? 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 one of 605 companies in the Computer and Technology group. The Computer and Technology group currently sits at #1 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Dell Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for DELL's full-year earnings has moved 1.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, DELL has gained about 29.8% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 23.1% on average. This shows that Dell Technologies is outperforming its peers so far this year.
Another stock in the Computer and Technology sector, Advantest Corp. (ATEYY), has outperformed the sector so far this year. The stock's year-to-date return is 101.4%.
Over the past three months, Advantest Corp.'s consensus EPS estimate for the current year has increased 11.7%. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Dell Technologies belongs to the Computer - Micro Computers industry, a group that includes 4 individual stocks and currently sits at #19 in the Zacks Industry Rank. Stocks in this group have gained about 1.4% so far this year, so DELL is performing better this group in terms of year-to-date returns.
Advantest Corp., however, belongs to the Electronics - Measuring Instruments industry. Currently, this 5-stock industry is ranked #90. The industry has moved +7.4% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track Dell Technologies and Advantest Corp.. These stocks will be looking to continue their solid performance.
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Dell Technologies Inc. (DELL): Free Stock Analysis Report Advantest Corp. (ATEYY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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