Are Computer and Technology Stocks Lagging Avnet (AVT) This Year?

ByElizabeth J. Bohn

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Traders intrigued in Computer and Technological know-how stocks should really usually be on the lookout to uncover the finest-undertaking providers in the team. Is Avnet (AVT) just one of individuals shares proper now? By taking a search at the stock’s calendar year-to-date overall performance in comparison to its Computer and Technological innovation friends, we may well be in a position to remedy that problem.

Avnet is one of 664 individual stocks in the Computer system and Know-how sector. Collectively, these providers sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 diverse teams and is listed in get from very best to worst in conditions of the typical Zacks Rank of the unique firms within each and every of these sectors.

The Zacks Rank is a profitable stock-buying model that emphasizes earnings estimates and estimate revisions. The technique highlights a number of unique shares that could be poised to outperform the broader sector in excess of the future a single to three months. Avnet is at present sporting a Zacks Rank of #1 (Powerful Invest in).

Within just the past quarter, the Zacks Consensus Estimate for AVT’s entire-calendar year earnings has moved 20.5% higher. This is a indicator of bettering analyst sentiment and a optimistic earnings outlook development.

Our most current available knowledge displays that AVT has returned about 18.8% since the start off of the calendar calendar year. In the meantime, stocks in the Laptop and Technological know-how group have shed about 24% on normal. This implies that Avnet is accomplishing improved than its sector in terms of calendar year-to-day returns.

1 other Computer and Technology stock that has outperformed the sector so significantly this calendar year is Aspen Engineering (AZPN). The stock is up 32.4% year-to-date.

The consensus estimate for Aspen Technology’s recent year EPS has amplified 5.1% about the previous 3 months. The stock presently has a Zacks Rank #1 (Robust Invest in).

Breaking things down more, Avnet is a member of the Electronics – Pieces Distribution market, which includes 5 personal organizations and now sits at #3 in the Zacks Industry Rank. On typical, this group has gained an regular of .7% so significantly this 12 months, this means that AVT is accomplishing far better in phrases of 12 months-to-date returns.

Aspen Technology, on the other hand, belongs to the Internet – Software program business. Now, this 149-stock market is ranked #156. The business has moved -45.9% so considerably this 12 months.

Heading ahead, traders interested in Personal computer and Technology shares should really continue to fork out close focus to Avnet and Aspen Technologies as they could retain their solid functionality.

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