For all those seeking to come across powerful Personal computer and Engineering stocks, it is prudent to look for for businesses in the group that are outperforming their friends. Axcelis Technologies (ACLS) is a inventory that can definitely get the interest of many traders, but do its latest returns assess favorably to the sector as a complete? By using a appear at the stock’s year-to-date efficiency in comparison to its Computer system and Technologies peers, we could be in a position to respond to that query.
Axcelis Technologies is one particular of 654 corporations in the Personal computer and Technologies team. The Personal computer and Engineering team now sits at #6 within just the Zacks Sector Rank. The Zacks Sector Rank considers 16 unique teams, measuring the regular Zacks Rank of the individual shares inside the sector to gauge the energy of just about every team.
The Zacks Rank emphasizes earnings estimates and estimate revisions to uncover shares with enhancing earnings outlooks. This system has a very long document of good results, and these shares tend to be on observe to conquer the marketplace over the following a person to three months. Axcelis Technologies is currently sporting a Zacks Rank of #2 (Obtain).
In excess of the earlier a few months, the Zacks Consensus Estimate for ACLS’ entire-year earnings has moved 2.7% increased. This implies that analyst sentiment is much better and the stock’s earnings outlook is improving.
According to our most recent facts, ACLS has moved about 6.5% on a yr-to-date foundation. At the exact time, Laptop or computer and Technologies stocks have shed an typical of 35.2%. This demonstrates that Axcelis Systems is outperforming its peers so considerably this yr.
A person other Computer system and Know-how stock that has outperformed the sector so significantly this yr is Tencent Audio Leisure Group Sponsored ADR (TME). The inventory is up 22.5% calendar year-to-day.
About the past 3 months, Tencent Songs Amusement Team Sponsored ADR’s consensus EPS estimate for the latest year has enhanced 20%. The stock at this time has a Zacks Rank #2 (Invest in).
To break matters down extra, Axcelis Systems belongs to the Electronics – Producing Equipment sector, a team that consists of 10 personal providers and now sits at #233 in the Zacks Market Rank. On normal, shares in this team have misplaced 42.5% this year, meaning that ACLS is doing much better in terms of year-to-day returns.
Tencent Audio Amusement Team Sponsored ADR, nonetheless, belongs to the Web – Content market. At the moment, this 16-inventory market is rated #75. The market has moved -38.5% so considerably this 12 months.
Buyers interested in the Pc and Technological know-how sector might want to keep a shut eye on Axcelis Technologies and Tencent Audio Enjoyment Group Sponsored ADR as they try to proceed their solid functionality.
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The sights and opinions expressed herein are the sights and thoughts of the writer and do not necessarily reflect these of Nasdaq, Inc.