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Has CDW (CDW) Outpaced Other Computer and Technology Stocks This Year?
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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. CDW (CDW - Free Report) 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? One simple way to answer this question is to take a look at the year-to-date performance of CDW and the rest of the Computer and Technology group's stocks.
CDW is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #7 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 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. CDW is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CDW's full-year earnings has moved 3.18% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CDW has returned about 23.59% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 12.36% on a year-to-date basis. As we can see, CDW is performing better than its sector in the calendar year.
Looking more specifically, CDW belongs to the Computers - IT Services industry, which includes 25 individual stocks and currently sits at #161 in the Zacks Industry Rank. Stocks in this group have gained about 17.64% so far this year, so CDW is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on CDW as it attempts to continue its solid performance.
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Has CDW (CDW) 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. CDW (CDW - Free Report) 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? One simple way to answer this question is to take a look at the year-to-date performance of CDW and the rest of the Computer and Technology group's stocks.
CDW is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #7 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 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. CDW is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for CDW's full-year earnings has moved 3.18% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Our latest available data shows that CDW has returned about 23.59% since the start of the calendar year. Meanwhile, the Computer and Technology sector has returned an average of 12.36% on a year-to-date basis. As we can see, CDW is performing better than its sector in the calendar year.
Looking more specifically, CDW belongs to the Computers - IT Services industry, which includes 25 individual stocks and currently sits at #161 in the Zacks Industry Rank. Stocks in this group have gained about 17.64% so far this year, so CDW is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on CDW as it attempts to continue its solid performance.