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Traders centered on the Laptop and Know-how area have seemingly heard of Apple (AAPL – Free Report) , however is the inventory performing properly compared to the remainder of its sector friends? One easy approach to reply this query is to check out the year-to-date efficiency of AAPL and the remainder of the Laptop and Know-how group’s shares.
Apple is one in every of 630 particular person shares within the Laptop and Know-how sector. Collectively, these firms sit at #three within the Zacks Sector Rank. The Zacks Sector Rank gauges the energy of our 16 particular person sector teams by measuring the common Zacks Rank of the person shares inside the teams.
The Zacks Rank is a confirmed mannequin that highlights a wide range of shares with the precise traits to outperform the market over the following one to 3 months. The system emphasizes earnings estimate revisions and favors firms with bettering earnings outlooks. AAPL is at the moment sporting a Zacks Rank of #1 (Sturdy Purchase).
Over the previous three months, the Zacks Consensus Estimate for AAPL’s full-year earnings has moved 1.20% increased. This reveals that analyst sentiment has improved and the corporate’s earnings outlook is stronger.
Based mostly on the latest knowledge, AAPL has returned 6.02% to date this 12 months. In the meantime, shares within the Laptop and Know-how group have gained about four.37% on common. Which means Apple is performing higher than its sector when it comes to year-to-date returns.
Wanting extra particularly, AAPL belongs to the Laptop – Mini computer systems business, which incorporates four particular person shares and at the moment sits at #61 within the Zacks Business Rank. Shares on this group have gained about 6.01% to date this 12 months, so AAPL is performing higher this group when it comes to year-to-date returns.
Traders within the Laptop and Know-how sector will need to maintain a detailed eye on AAPL because it makes an attempt to proceed its stable efficiency.
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