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Is Apple (AAPL) Outperforming 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. Has Apple (AAPL - 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.
Apple is a member of the Computer and Technology sector. This group includes 626 individual stocks and currently holds a Zacks Sector Rank of #3. 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. AAPL is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAPL's full-year earnings has moved 2.45% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, AAPL has moved about 27.08% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 10.45% on average. As we can see, Apple is performing better than its sector in the calendar year.
To break things down more, AAPL belongs to the Computer - Mini computers industry, a group that includes 4 individual companies and currently sits at #11 in the Zacks Industry Rank. This group has gained an average of 28.01% so far this year, so AAPL is slightly underperforming its industry in this area.
Investors with an interest in Computer and Technology stocks should continue to track AAPL. The stock will be looking to continue its solid performance.
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Is Apple (AAPL) Outperforming 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 Apple (AAPL - 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.
Apple is a member of the Computer and Technology sector. This group includes 626 individual stocks and currently holds a Zacks Sector Rank of #3. 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. AAPL is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for AAPL's full-year earnings has moved 2.45% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, AAPL has moved about 27.08% on a year-to-date basis. Meanwhile, stocks in the Computer and Technology group have gained about 10.45% on average. As we can see, Apple is performing better than its sector in the calendar year.
To break things down more, AAPL belongs to the Computer - Mini computers industry, a group that includes 4 individual companies and currently sits at #11 in the Zacks Industry Rank. This group has gained an average of 28.01% so far this year, so AAPL is slightly underperforming its industry in this area.
Investors with an interest in Computer and Technology stocks should continue to track AAPL. The stock will be looking to continue its solid performance.