Published on 19 Nov 2021 on Zacks via Yahoo Finance
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is KLA (KLAC) one of those stocks right now? 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.
KLA is one of 647 companies in the Computer and Technology group. The Computer and Technology group currently sits at #8 within 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. KLA is currently sporting a Zacks Rank of #2 (Buy).