Are Retail-Wholesale Stocks Lagging Amazon.com (AMZN) This Year?
Amazon.com (AMZN) is outperforming the broader Retail-Wholesale sector year-to-date, posting a gain of approximately 12% compared to the sector average return of 0.9%. Within its specific sub-industry, Internet - Commerce, which ranks #95 and has risen 4.4% year-to-date, Amazon continues to show relative strength. The company's solid momentum is supported by improving earnings fundamentals and positive analyst revisions. Over the past 90 days, the Zacks Consensus Estimate for Amazon's full-year earnings has increased by 4.3%, reflecting optimistic sentiment and earning the stock a Zacks Rank #2 (Buy) rating. Overall, the Retail-Wholesale sector comprises 190 individual stocks and currently ranks #5 out of 16 sector groups. Amazon's combination of strong price momentum and upward earnings revisions suggests the company is well-positioned to maintain its leadership over retail peers in the near term.