AllPennyStocks.com Are Retail-Wholesale Stocks Lagging Amazon.com (AMZN) This Year?
This section contains press releases and other materials from third parties (including paid content). AllPennyStocks.com has not reviewed this content. Please see our disclaimer.

Are Retail-Wholesale Stocks Lagging Amazon.com (AMZN) This Year?

Investors interested in Retail-Wholesale stocks should always be looking to find the best-performing companies in the group. Has Amazon (AMZN) 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 Retail-Wholesale sector should help us answer this question.

Amazon is a member of the Retail-Wholesale sector. This group includes 190 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

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. Amazon is currently sporting a Zacks Rank of #2 (Buy).

Over the past 90 days, the Zacks Consensus Estimate for AMZN's full-year earnings has moved 4.3% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that AMZN has returned about 12% since the start of the calendar year. In comparison, Retail-Wholesale companies have returned an average of 0.9%. This means that Amazon is outperforming the sector as a whole this year.

One other Retail-Wholesale stock that has outperformed the sector so far this year is BJ's Restaurants (BJRI). The stock is up 52% year-to-date.

Over the past three months, BJ's Restaurants' consensus EPS estimate for the current year has increased 7.3%. The stock currently has a Zacks Rank #2 (Buy).

Looking more specifically, Amazon belongs to the Internet - Commerce industry, a group that includes 35 individual stocks and currently sits at #95 in the Zacks Industry Rank. Stocks in this group have gained about 4.4% so far this year, so AMZN is performing better this group in terms of year-to-date returns.

On the other hand, BJ's Restaurants belongs to the Retail - Restaurants industry. This 36-stock industry is currently ranked #93. The industry has moved -4.9% year to date.

Going forward, investors interested in Retail-Wholesale stocks should continue to pay close attention to Amazon and BJ's Restaurants as they could maintain 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.

See Top Quantum Stocks Now >>

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


 
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
 
BJ's Restaurants, Inc. (BJRI): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Other Penny Stock Movers

Digestive Health Expansion Sends This Microcap Soaring
Utah Copper Explorer Jumps 19% on Surface Assays
Indonesian Gold Developer Jumps 27% as Ministry Moves File to Final Approval
Most Popular
{{ index + 1 }}


Back to Top