Pitney Bowes stock has outperformed its peers with a 22.1% return this year.

From NASDAQ: 2024-06-06 09:40:10

Pitney Bowes (PBI) has outperformed its Computer and Technology peers this year with a 22.1% return, compared to the sector’s average of 19.8%. It also boasts a Zacks Rank #1 (Strong Buy) and a 100% increase in full-year earnings estimates over the past 90 days. Alphabet (GOOGL) has also exceeded sector returns with a 25.6% year-to-date increase and a Zacks Rank #1.

Bitcoin has consistently provided investors with higher returns compared to other assets, with notable gains during previous presidential election years: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge for Bitcoin in the coming months, emphasizing its profitability and potential for growth.

Investors in Computer and Technology stocks should focus on Pitney Bowes and Alphabet, both showing strong performance within their respective industries. While PBI is in the Office Automation and Equipment industry with a 22.1% year-to-date return, GOOGL belongs to the Internet – Services industry and has a 25.6% year-to-date increase. Keep an eye on these stocks for continued strong performance.



Read more at NASDAQ: Is Pitney Bowes (PBI) Stock Outpacing Its Computer and Technology Peers This Year?