These 3 Non-Tech Stocks Have Delivered Outsized Gains

Group 1: Tech and Non-Tech Stock Performance - Tech stocks have been popular due to AI developments and a strong economy, but non-tech stocks like Vistra, Walmart, and Abercrombie & Fitch have also shown significant gains in 2024 [1][2] - Vistra and Abercrombie & Fitch have outperformed Walmart, which has seen a 35% gain [3] Group 2: Vistra (VST) - Vistra operates a diverse power generation fleet and has a Zacks Rank 1 (Strong Buy), with a positive earnings outlook across various timeframes [4] - The company is positioned to benefit from AI due to its nuclear energy offerings, which cater to high power demands in data centers [4] - Vistra's stock has a 1% annual yield and a 14% five-year annualized dividend growth rate, indicating a commitment to rewarding shareholders [4] Group 3: Walmart (WMT) - Walmart's shares have risen following favorable quarterly results, with a 22% year-over-year growth in earnings and a 6% increase in sales [8][10] - The company underwent a 3-for-1 stock split, and its earnings estimate for the fiscal year suggests a 10% annual growth [10][11] - Walmart's global eCommerce sales grew by 21% year-over-year, reflecting strong digital performance [14] Group 4: Abercrombie & Fitch (ANF) - Abercrombie & Fitch has consistently exceeded earnings expectations, with an average of 210% above the Zacks Consensus EPS estimate over the last four quarters [15] - The company reported record Q1 sales of $1.0 billion, a 22% increase year-over-year, and raised its full-year sales outlook [16][19] - Analysts expect 48% EPS growth and a 10% increase in sales for the current fiscal year, with a Style Score of 'B' for Growth [19] Group 5: Overall Market Sentiment - The performance of Vistra, Walmart, and Abercrombie & Fitch indicates that non-tech stocks can also achieve significant gains, countering the notion that tech stocks dominate the market [20] - All three companies have favorable Zacks Ranks, reflecting bullish sentiment among analysts [20]