June 3, 2023

Has Flex (FLEX) Outpaced Other Computer and Technology Stocks This Year?

Has Flex (FLEX) Outpaced Other Computer and Technology Stocks This Year?

For individuals hunting to discover powerful Computer system and Technological know-how stocks, it is prudent to look for for businesses in the team that are outperforming their friends. Has Flex (FLEX) been a person of these stocks this yr? By having a appear at the stock’s 12 months-to-day functionality in comparison to its Personal computer and Know-how friends, we may possibly be in a position to reply that dilemma.

Flex is a member of our Laptop or computer and Technologies team, which incorporates 665 distinct corporations and presently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 various teams, measuring the average Zacks Rank of the specific shares inside of the sector to gauge the toughness of every single team.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find shares with bettering earnings outlooks. This system has a very long report of good results, and these stocks are likely to be on track to defeat the sector around the upcoming 1 to 3 months. Flex is now sporting a Zacks Rank of #1 (Potent Acquire).

In the earlier quarter, the Zacks Consensus Estimate for FLEX’s complete-calendar year earnings has moved 7.6% increased. This is a indication of strengthening analyst sentiment and a favourable earnings outlook development.

In accordance to our hottest information, FLEX has moved about 1.2% on a yr-to-day foundation. Meanwhile, stocks in the Personal computer and Technological innovation team have shed about 10.7% on typical. As we can see, Flex is undertaking far better than its sector in the calendar calendar year.

Gogo (GOGO) is a different Pc and Technological know-how stock that has outperformed the sector so significantly this year. Due to the fact the commencing of the yr, the stock has returned 40.9%.

For Gogo, the consensus EPS estimate for the latest year has improved 24.7% around the earlier a few months. The inventory at present has a Zacks Rank #2 (Get).

Breaking items down additional, Flex is a member of the Electronics – Miscellaneous Items field, which contains 28 person corporations and at this time sits at #107 in the Zacks Field Rank. This group has lost an ordinary of 14.1% so much this calendar year, so FLEX is doing better in this spot.

Gogo, having said that, belongs to the Wi-fi Countrywide industry. Currently, this 10-inventory market is rated #195. The field has moved +1.8% so far this calendar year.

Flex and Gogo could proceed their stable performance, so investors interested in Laptop and Know-how stocks should continue on to fork out near attention to these stocks.

5 Stocks Set to Double

Each was handpicked by a Zacks qualified as the #1 most loved stock to attain +100% or much more in 2021. Earlier suggestions have soared +143.%, +175.9%, +498.3% and +673.%.

Most of the stocks in this report are flying under Wall Street radar, which presents a excellent option to get in on the ground floor.

Now, See These 5 Possible Residence Runs >>

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The sights and viewpoints expressed herein are the views and thoughts of the writer and do not necessarily replicate all those of Nasdaq, Inc.