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Is Universal Display (OLED) Outperforming Other Computer and Technology Stocks This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Universal Display (OLED - Free Report) 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.
Universal Display is one of 635 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 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. OLED is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for OLED's full-year earnings has moved 20.32% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, OLED has moved about 97.39% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 18.26%. This means that Universal Display is outperforming the sector as a whole this year.
Looking more specifically, OLED belongs to the Electronics - Miscellaneous Components industry, which includes 31 individual stocks and currently sits at #104 in the Zacks Industry Rank. On average, this group has gained an average of 24.77% so far this year, meaning that OLED is performing better in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to OLED as it looks to continue its solid performance.
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Is Universal Display (OLED) Outperforming Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Universal Display (OLED - Free Report) 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.
Universal Display is one of 635 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #7 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. OLED is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for OLED's full-year earnings has moved 20.32% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, OLED has moved about 97.39% on a year-to-date basis. In comparison, Computer and Technology companies have returned an average of 18.26%. This means that Universal Display is outperforming the sector as a whole this year.
Looking more specifically, OLED belongs to the Electronics - Miscellaneous Components industry, which includes 31 individual stocks and currently sits at #104 in the Zacks Industry Rank. On average, this group has gained an average of 24.77% so far this year, meaning that OLED is performing better in terms of year-to-date returns.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to OLED as it looks to continue its solid performance.