Is International Business Machines (IBM) Outperforming Other Computer and Technology Stocks This Year?

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has IBM (IBM) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.IBM is a member of the Computer and Technology sector. This group includes 603 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. IBM is currently sporting a Zacks Rank of #2 (Buy).The Zacks Consensus Estimate for IBM's full-year earnings has moved 1.6% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.Based on the latest available data, IBM has gained about 29.3% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 21.3% on average. This means that IBM is outperforming the sector as a whole this year.Another stock in the Computer and Technology sector, Lyft (LYFT), has outperformed the sector so far this year. The stock's year-to-date return is 69.5%.In Lyft's case, the consensus EPS estimate for the current year increased 39.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).To break things down more, IBM belongs to the Computer - Integrated Systems industry, a group that includes 10 individual companies and currently sits at #17 in the Zacks Industry Rank. On average, stocks in this group have gained 42.2% this year, meaning that IBM is slightly underperforming its industry in terms of year-to-date returns. On the other hand, Lyft belongs to the Internet - Services industry. This 34-stock industry is currently ranked #86. The industry has moved +29.9% year to date.Investors interested in the Computer and Technology sector may want to keep a close eye on IBM and Lyft as they attempt to continue their solid performance.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report International Business Machines Corporation (IBM): Free Stock Analysis Report Lyft, Inc. (LYFT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks