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Is Twitter (TWTR) Stock Outpacing Its Computer and Technology Peers This Year?

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Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Twitter been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.

Twitter is one of 637 companies in the Computer and Technology group. The Computer and Technology group currently sits at #7 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. TWTR is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for TWTR's full-year earnings has moved 37.50% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, TWTR has gained about 29.75% so far this year. At the same time, Computer and Technology stocks have gained an average of 14.75%. This means that Twitter is outperforming the sector as a whole this year.

Looking more specifically, TWTR belongs to the Internet - Software industry, which includes 83 individual stocks and currently sits at #96 in the Zacks Industry Rank. Stocks in this group have gained about 28.88% so far this year, so TWTR is performing better this group in terms of year-to-date returns.

TWTR will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.

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