Is Dell Technologies (DELL) Outperforming Other Computer and Technology Stocks This Year?

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. Is Dell Technologies (DELL) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.Dell Technologies is one of 592 companies in the Computer and Technology group. The Computer and Technology group currently sits at #1 within 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Dell Technologies is currently sporting a Zacks Rank of #1 (Strong Buy).Within the past quarter, the Zacks Consensus Estimate for DELL's full-year earnings has moved 49.4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the most recent data, DELL has returned 211% so far this year. In comparison, Computer and Technology companies have returned an average of 15.9%. This shows that Dell Technologies is outperforming its peers so far this year.Another Computer and Technology stock, which has outperformed the sector so far this year, is Ceva (CEVA). The stock has returned 111.6% year-to-date.Over the past three months, Ceva's consensus EPS estimate for the current year has increased 16.5%. The stock currently has a Zacks Rank #2 (Buy).Breaking things down more, Dell Technologies is a member of the Computer - Micro Computers industry, which includes 5 individual companies and currently sits at #26 in the Zacks Industry Rank. On average, this group has gained an average of 13% so far this year, meaning that DELL is performing better in terms of year-to-date returns. In contrast, Ceva falls under the Internet - Software industry. Currently, this industry has 170 stocks and is ranked #85. Since the beginning of the year, the industry has moved -14.1%.Investors with an interest in Computer and Technology stocks should continue to track Dell Technologies and Ceva. These stocks will be looking to continue their solid performance.Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks