From Nasdaq: 2024-05-09 09:40:10

Amazon (AMZN) is currently outperforming its Retail-Wholesale peers, with a year-to-date return of 23.7%. The stock has a Zacks Rank of #2 (Buy) and a 15.9% increase in full-year earnings estimate. In comparison, Brinker International (EAT) has seen a 34% return and a Zacks Rank of #2 (Buy) in the same sector.

Moving down to the industry level, Amazon belongs to the Internet – Commerce sector, which has gained an average of 17.1% this year. On the other hand, Brinker International is part of the Retail – Restaurants industry, which has declined -1.9%. Investors are advised to keep a close watch on these two stocks for continued solid performance.

Looking beyond traditional sectors, a Zacks expert has identified an American AI company with enormous growth potential. Clients include big names like BMW and GE, suggesting the stock could quadruple in the coming year. This pick has the potential to surpass previous Zacks’ stock recommendations that saw impressive gains of +143.0% and +175.9%.

For more information on these top stock picks and to access free stock analysis reports, visit Zacks.com.



Read more at Nasdaq: Is Amazon.com (AMZN) Outperforming Other Retail-Wholesale Stocks This Year?