For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Amer Movil (AMX) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Amer Movil is a member of our Computer and Technology group, which includes 641 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Amer Movil is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for AMX's full-year earnings has moved 3.2% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AMX has gained about 26.2% so far this year. At the same time, Computer and Technology stocks have gained an average of 23.4%. This means that Amer Movil is outperforming the sector as a whole this year.
One other Computer and Technology stock that has outperformed the sector so far this year is Angi (ANGI). The stock is up 31.9% year-to-date.
The consensus estimate for Angi's current year EPS has increased 33.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Amer Movil belongs to the Wireless Non-US industry, a group that includes 13 individual stocks and currently sits at #90 in the Zacks Industry Rank. This group has gained an average of 15.4% so far this year, so AMX is performing better in this area.
Angi, however, belongs to the Internet - Content industry. Currently, this 16-stock industry is ranked #30. The industry has moved +13.4% so far this year.
Investors with an interest in Computer and Technology stocks should continue to track Amer Movil and Angi. These stocks will be looking to continue their solid performance.
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