Are Computer and Technology Stocks Lagging Credo Technology Group (CRDO) This Year?

Group 1 - Credo Technology Group Holding Ltd. (CRDO) is a notable stock in the Computer and Technology sector, which consists of 607 individual stocks and holds a Zacks Sector Rank of 5 [2] - The Zacks Rank system indicates that CRDO currently has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook for the stock [3] - Over the past three months, the Zacks Consensus Estimate for CRDO's full-year earnings has increased by 43.3%, indicating improved analyst sentiment and earnings outlook [4] Group 2 - CRDO has achieved a year-to-date return of approximately 45.2%, significantly outperforming the average gain of 8.1% in the Computer and Technology group [4] - In comparison, IBM, another stock in the sector, has a year-to-date return of 32% and a Zacks Rank of 2 (Buy) [5] - CRDO belongs to the Electronics - Semiconductors industry, which includes 44 stocks and is currently ranked 82 in the Zacks Industry Rank, with an average gain of 15% this year [6] Group 3 - The Computer - Integrated Systems industry, where IBM is categorized, has 11 stocks and is ranked 32, with a year-to-date increase of 26.1% [7] - Both CRDO and IBM are highlighted as stocks to watch in the Computer and Technology sector due to their strong performance [7]