Group 1 - Enovix Corporation (ENVX) is currently outperforming its peers in the Computer and Technology sector with a year-to-date return of approximately 38.6%, compared to the sector average of 11.3% [4] - The Zacks Consensus Estimate for ENVX's full-year earnings has increased by 3.5% over the past quarter, indicating improved analyst sentiment and earnings outlook [4] - Enovix Corporation holds a Zacks Rank of 2 (Buy), suggesting it is positioned to outperform the broader market in the near term [3] Group 2 - Enovix Corporation is part of the Electronics - Miscellaneous Products industry, which ranks 55 in the Zacks Industry Rank, with an average year-to-date gain of 14.8% [6] - Another notable stock in the Computer and Technology sector is Genius Sports Limited (GENI), which has returned 19.3% year-to-date and also holds a Zacks Rank of 2 (Buy) [5] - The Internet - Content industry, to which Genius Sports Limited belongs, is currently ranked 175, with a year-to-date gain of 10.9% [6]
Are Computer and Technology Stocks Lagging Enovix Corporation (ENVX) This Year?