Are Computer and Technology Stocks Lagging Automatic Data Processing (ADP) This Year?

Group 1 - Automatic Data Processing (ADP) is part of the Computer and Technology sector, which includes 607 stocks and has a Zacks Sector Rank of 7, indicating its relative strength among sectors [2] - ADP currently holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook based on earnings estimate revisions and improving earnings outlooks [3] - The Zacks Consensus Estimate for ADP's full-year earnings has increased by 0.5% in the past quarter, reflecting stronger analyst sentiment and an improving earnings outlook [4] Group 2 - Year-to-date, ADP has increased by approximately 9.1%, while the average performance of stocks in the Computer and Technology group has declined by about 1.2%, indicating ADP's outperformance [4] - ADP is categorized under the Internet - Software industry, which consists of 167 companies and has an average gain of 8.9% this year, further highlighting ADP's strong performance within its industry [6] - In comparison, Allegro MicroSystems, Inc. (ALGM), another outperforming stock in the Computer and Technology sector, has risen by 25.9% year-to-date, with a Zacks Rank of 2 (Buy) [5]