Advertisement
UK markets close in 7 hours 31 minutes

  • FTSE 100

    8,081.00
    +40.62 (+0.51%)
     

  • FTSE 250

    19,619.01
    -100.36 (-0.51%)
     

  • AIM

    753.96
    -0.73 (-0.10%)
     

  • GBP/EUR

    1.1665
    +0.0021 (+0.18%)
     

  • GBP/USD

    1.2508
    +0.0046 (+0.37%)
     

  • Bitcoin GBP

    51,181.01
    -2,199.96 (-4.12%)
     

  • CMC Crypto 200

    1,383.22
    +0.65 (+0.05%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CRUDE OIL

    83.09
    +0.28 (+0.34%)
     

  • GOLD FUTURES

    2,335.90
    -2.50 (-0.11%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,267.51
    +66.24 (+0.39%)
     

  • DAX

    18,004.00
    -84.70 (-0.47%)
     

  • CAC 40

    8,067.75
    -24.11 (-0.30%)
     
Property:

How to sell your home

Top tips from property investors

Has NVIDIA (NVDA) Outpaced Other Computer and Technology Stocks This Year?

Zacks Equity Research
Updated
MGIC (MTG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has NVIDIA (NVDA) been one of those stocks this year? 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.

NVIDIA is one of 630 companies in the Computer and Technology group. The Computer and Technology group currently sits at #9 within 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. NVDA is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for NVDA's full-year earnings has moved 16.17% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

ADVERTISEMENT

Based on the most recent data, NVDA has returned 37.09% so far this year. At the same time, Computer and Technology stocks have gained an average of 9.60%. As we can see, NVIDIA is performing better than its sector in the calendar year.

Looking more specifically, NVDA belongs to the Semiconductor - General industry, a group that includes 8 individual stocks and currently sits at #9 in the Zacks Industry Rank. This group has gained an average of 22.97% so far this year, so NVDA is performing better in this area.

NVDA will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.