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Is CDW (CDW) Stock Outpacing Its Computer and Technology Peers This Year?
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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is CDW (CDW - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
CDW is one of 631 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. CDW is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CDW's full-year earnings has moved 1.44% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CDW has returned 51.81% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 22.18% on a year-to-date basis. This means that CDW is outperforming the sector as a whole this year.
Looking more specifically, CDW belongs to the Computers - IT Services industry, a group that includes 28 individual stocks and currently sits at #83 in the Zacks Industry Rank. On average, this group has gained an average of 10.72% so far this year, meaning that CDW is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track CDW. The stock will be looking to continue its solid performance.
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Is CDW (CDW) Stock Outpacing Its Computer and Technology Peers This Year?
For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is CDW (CDW - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
CDW is one of 631 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. CDW is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CDW's full-year earnings has moved 1.44% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, CDW has returned 51.81% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 22.18% on a year-to-date basis. This means that CDW is outperforming the sector as a whole this year.
Looking more specifically, CDW belongs to the Computers - IT Services industry, a group that includes 28 individual stocks and currently sits at #83 in the Zacks Industry Rank. On average, this group has gained an average of 10.72% so far this year, meaning that CDW is performing better in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track CDW. The stock will be looking to continue its solid performance.