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.
Has Alphabet (GOOG) Outpaced Other Computer and Technology Stocks 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. Has Alphabet (GOOG - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Alphabet is one of 621 companies in the Computer and Technology group. The Computer and Technology group currently sits at #10 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 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. GOOG is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GOOG's full-year earnings has moved 27.32% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, GOOG has returned 38.70% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 12.44% on average. This means that Alphabet is performing better than its sector in terms of year-to-date returns.
Breaking things down more, GOOG is a member of the Internet - Services industry, which includes 49 individual companies and currently sits at #173 in the Zacks Industry Rank. This group has gained an average of 26.75% so far this year, so GOOG is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track GOOG. The stock will be looking to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Has Alphabet (GOOG) Outpaced Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Alphabet (GOOG - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Alphabet is one of 621 companies in the Computer and Technology group. The Computer and Technology group currently sits at #10 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 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. GOOG is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for GOOG's full-year earnings has moved 27.32% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, GOOG has returned 38.70% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 12.44% on average. This means that Alphabet is performing better than its sector in terms of year-to-date returns.
Breaking things down more, GOOG is a member of the Internet - Services industry, which includes 49 individual companies and currently sits at #173 in the Zacks Industry Rank. This group has gained an average of 26.75% so far this year, so GOOG is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track GOOG. The stock will be looking to continue its solid performance.