Have you been paying attention to shares of Amkor Technology (AMKR)? Shares have been on the move with the stock up 16.4% over the past month. The stock hit a new 52-week high of $15.8 in the previous session. Amkor Technology has gained 10.2% since the start of the year compared to the 14.5% move for the Zacks Computer and Technology sector and the 12.4% return for the Zacks Electronics – Semiconductors industry.
What’s Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn’t missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on July 27, 2020, Amkor Technology reported EPS of $0.23 versus consensus estimate of $-0.02 while it beat the consensus revenue estimate by 11.67%.
For the current fiscal year, Amkor Technology is expected to post earnings of $0.7 per share on $4.57 billion
BEIJING (AP) — They have the largest economies in the world. They spend more than anyone else on their militaries. From high-tech chips to control of the high seas, their interests are closely intertwined.
The ongoing sharp deterioration in U.S.-China ties poses risks to both countries and the rest of the world. In the latest escalation, a U.S. consulate in Chengdu in southwestern China shuttered Monday, ordered by China to close in retaliation for the U.S. shutting down its consulate in Houston last week.
With the U.S. presidential campaign heating up, all bets are that relations with China will only get worse. A look at what’s at stake:
Both countries already have suffered heavy losses in a tariff war that erupted in 2018 over Beijing’s technology ambitions and trade surplus. If talks on ending the dispute fail, the world could face downward pressure on trade at a time when
Investors focused on the Computer and Technology space have likely heard of Logitech International (LOGI), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company’s year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.
Logitech International is a member of our Computer and Technology group, which includes 606 different companies and currently sits at #11 in the Zacks Sector Rank. 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 emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the
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