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Has Intel (INTC) Outpaced Other Computer and Technology Stocks This Year?
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Investors focused on the Computer and Technology space have likely heard of Intel (INTC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Intel is one of 627 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 in 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. INTC is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for INTC's full-year earnings has moved 13.81% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, INTC has moved about 12.11% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 10.37%. This means that Intel is outperforming the sector as a whole 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 #12 in the Zacks Industry Rank. On average, this group has gained an average of 17.41% 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.
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Has Intel (INTC) Outpaced Other Computer and Technology Stocks This Year?
Investors focused on the Computer and Technology space have likely heard of Intel (INTC - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Intel is one of 627 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #3 in 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 successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. INTC is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for INTC's full-year earnings has moved 13.81% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, INTC has moved about 12.11% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 10.37%. This means that Intel is outperforming the sector as a whole 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 #12 in the Zacks Industry Rank. On average, this group has gained an average of 17.41% 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.