The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. PC Connection (CNXN) 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.
PC Connection is a member of the Retail-Wholesale sector. This group includes 187 individual stocks and currently holds a Zacks Sector Rank of #6. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. PC Connection is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for CNXN's full-year earnings has moved 6.4% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, CNXN has moved about 36% on a year-to-date basis. Meanwhile, the Retail-Wholesale sector has returned an average of 4% on a year-to-date basis. This means that PC Connection is performing better than its sector in terms of year-to-date returns.
Five Below (FIVE) is another Retail-Wholesale stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 26.7%.
The consensus estimate for Five Below's current year EPS has increased 11.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, PC Connection belongs to the Retail - Computer Hardware industry, a group that includes 1 individual stocks and currently sits at #1 in the Zacks Industry Rank. Stocks in this group have gained about 36% so far this year, so CNXN is performing on par this group in terms of year-to-date returns.
In contrast, Five Below falls under the Retail - Miscellaneous industry. Currently, this industry has 13 stocks and is ranked #99. Since the beginning of the year, the industry has moved -12.4%.
Investors interested in the Retail-Wholesale sector may want to keep a close eye on PC Connection and Five Below as they attempt to continue their solid performance.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Keep it Clean. Please avoid obscene, vulgar, lewd,
racist or sexually-oriented language. PLEASE TURN OFF YOUR CAPS LOCK. Don't Threaten. Threats of harming another
person will not be tolerated. Be Truthful. Don't knowingly lie about anyone
or anything. Be Nice. No racism, sexism or any sort of -ism
that is degrading to another person. Be Proactive. Use the 'Report' link on
each comment to let us know of abusive posts. Share with Us. We'd love to hear eyewitness
accounts, the history behind an article.
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.