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. Has Vipshop Holdings (VIPS) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Vipshop Holdings is one of 637 companies in the Computer and Technology group. The Computer and Technology group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
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. VIPS is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for VIPS's full-year earnings has moved 3.57% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, VIPS has gained about 43.77% so far this year. At the same time, Computer and Technology stocks have gained an average of 14.33%. This means that Vipshop Holdings is outperforming the sector as a whole this year.
To break things down more, VIPS belongs to the Internet - Delivery Services industry, a group that includes 8 individual companies and currently sits at #30 in the Zacks Industry Rank. Stocks in this group have gained about 3.09% so far this year, so VIPS is performing better this group in terms of year-to-date returns.
Investors with an interest in Computer and Technology stocks should continue to track VIPS. The stock will be looking to continue its solid performance.
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