The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Amer Movil (AMX) 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.
Amer Movil is one of 609 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
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. Amer Movil is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AMX's full-year earnings has moved 1.2% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, AMX has gained about 16.4% so far this year. At the same time, Computer and Technology stocks have lost an average of 0.9%. This means that Amer Movil is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Camtek (CAMT). The stock is up 39.3% year-to-date.
In Camtek's case, the consensus EPS estimate for the current year increased 3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Amer Movil belongs to the Wireless Non-US industry, which includes 14 individual stocks and currently sits at #80 in the Zacks Industry Rank. On average, stocks in this group have gained 21.4% this year, meaning that AMX is slightly underperforming its industry in terms of year-to-date returns.
In contrast, Camtek falls under the Electronics - Measuring Instruments industry. Currently, this industry has 5 stocks and is ranked #21. Since the beginning of the year, the industry has moved +22.5%.
Investors with an interest in Computer and Technology stocks should continue to track Amer Movil and Camtek. These stocks will be looking to continue their solid performance.
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America Movil, S.A.B. de C.V. Unsponsored ADR (AMX): Free Stock Analysis Report Camtek Ltd. (CAMT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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