Traders interested in Laptop or computer and Technological know-how stocks should constantly be hunting to obtain the most effective-undertaking businesses in the team. Flex (FLEX) is a inventory that can surely seize the focus of numerous buyers, but do its latest returns look at favorably to the sector as a full? A swift glance at the firm’s calendar year-to-date overall performance in comparison to the relaxation of the Laptop or computer and Technological innovation sector should aid us remedy this dilemma.
Flex is a member of the Computer system and Know-how sector. This team incorporates 654 individual shares and presently holds a Zacks Sector Rank of #6. The Zacks Sector Rank features 16 distinctive teams and is detailed in purchase from finest to worst in terms of the normal Zacks Rank of the individual corporations inside each individual of these sectors.
The Zacks Rank is a established product that highlights a selection of stocks with the appropriate qualities to outperform the market in excess of the upcoming one to 3 months. The method emphasizes earnings estimate revisions and favors providers with bettering earnings outlooks. Flex is now sporting a Zacks Rank of #2 (Purchase).
In just the past quarter, the Zacks Consensus Estimate for FLEX’s whole-year earnings has moved 4.1% increased. This is a sign of bettering analyst sentiment and a good earnings outlook craze.
Based mostly on the most the latest info, FLEX has returned 19.1% so far this yr. Meanwhile, stocks in the Personal computer and Technological know-how team have misplaced about 34% on typical. This displays that Flex is outperforming its peers so considerably this year.
A person other Computer system and Know-how stock that has outperformed the sector so significantly this calendar year is Sanmina (SANM). The stock is up 43.5% calendar year-to-date.
For Sanmina, the consensus EPS estimate for the recent 12 months has amplified 17.1% above the previous 3 months. The inventory at present has a Zacks Rank #1 (Strong Invest in).
Searching extra specially, Flex belongs to the Electronics – Miscellaneous Solutions sector, which consists of 27 individual shares and presently sits at #140 in the Zacks Business Rank. On regular, stocks in this team have missing 37.2% this yr, that means that FLEX is doing far better in conditions of calendar year-to-day returns.
Sanmina, nevertheless, belongs to the Electronics – Production Providers sector. At present, this 5-inventory field is ranked #1. The business has moved +7.3% so significantly this calendar year.
Buyers interested in the Personal computer and Technological know-how sector could want to retain a close eye on Flex and Sanmina as they try to keep on their reliable general performance.
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The views and opinions expressed herein are the sights and opinions of the creator and do not necessarily reflect all those of Nasdaq, Inc.