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. Has Dell Technologies (DELL) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Dell Technologies is one of 593 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #1 in 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 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. Dell Technologies is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DELL's full-year earnings has moved 16% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Our latest available data shows that DELL has returned about 142.4% since the start of the calendar year. At the same time, Computer and Technology stocks have gained an average of 19.4%. This shows that Dell Technologies is outperforming its peers so far this year.
Another Computer and Technology stock, which has outperformed the sector so far this year, is DHI Group (DHX). The stock has returned 138.7% year-to-date.
Over the past three months, DHI Group's consensus EPS estimate for the current year has increased 37.1%. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Dell Technologies belongs to the Computer - Micro Computers industry, which includes 5 individual stocks and currently sits at #46 in the Zacks Industry Rank. On average, this group has gained an average of 16.2% so far this year, meaning that DELL is performing better in terms of year-to-date returns.
In contrast, DHI Group falls under the Internet - Content industry. Currently, this industry has 14 stocks and is ranked #185. Since the beginning of the year, the industry has moved -19.3%.
Investors with an interest in Computer and Technology stocks should continue to track Dell Technologies and DHI Group. These stocks will be looking to continue their solid performance.
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This article originally published on Zacks Investment Research (zacks.com).