The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Amazon.com (AMZN) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
Amazon.com is a member of our Retail-Wholesale group, which includes 216 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
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. AMZN is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for AMZN's full-year earnings has moved 42.48% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, AMZN has moved about 34.62% on a year-to-date basis. Meanwhile, stocks in the Retail-Wholesale group have gained about 6.84% on average. This shows that Amazon.com is outperforming its peers so far this year.
Looking more specifically, AMZN belongs to the Internet - Commerce industry, a group that includes 25 individual stocks and currently sits at #59 in the Zacks Industry Rank. On average, stocks in this group have gained 21.34% this year, meaning that AMZN is performing better in terms of year-to-date returns.
Investors in the Retail-Wholesale sector will want to keep a close eye on AMZN as it attempts to continue its solid performance.