Group 1 - Belden (BDC) is currently outperforming its peers in the Computer and Technology sector, with a year-to-date performance of approximately 11.9%, while the sector has seen an average loss of about 2.5% [4] - Belden holds a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions, with a 0.5% increase in the consensus estimate for full-year earnings over the past three months [3] - The Communication - Components industry, to which Belden belongs, is ranked 65 in the Zacks Industry Rank and has gained an average of 49.8% this year, suggesting that Belden is slightly underperforming its industry [5] Group 2 - Cognex Corporation (CGNX) is another notable stock in the Computer and Technology sector, with a year-to-date return of 42.4% and a Zacks Rank of 1 (Strong Buy) [4][5] - The Electronics - Testing Equipment industry, which includes Cognex, is currently ranked 13 and has moved up by 11.1% year to date [6] - Both Belden and Cognex Corporation are expected to continue their solid performance, making them attractive options for investors interested in Computer and Technology stocks [6]
Are Computer and Technology Stocks Lagging Belden (BDC) This Year?