The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Chegg (CHGG) been one of those stocks this year? Let’s take a closer look at the stock’s year-to-date performance to find out.
Chegg is a member of our Computer and Technology group, which includes 614 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. CHGG is currently sporting a Zacks Rank of #2 (Buy).