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Has Momo (MOMO) Outpaced Other Computer and Technology Stocks 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. Momo (MOMO - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of MOMO and the rest of the Computer and Technology group's stocks.
Momo is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #3 in 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. MOMO is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MOMO's full-year earnings has moved 18.66% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, MOMO has gained about 85.62% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.37% on average. This shows that Momo is outperforming its peers so far this year.
To break things down more, MOMO belongs to the Internet - Software and Services industry, a group that includes 21 individual companies and currently sits at #105 in the Zacks Industry Rank. This group has gained an average of 1.49% so far this year, so MOMO is performing better in this area.
MOMO will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.
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Has Momo (MOMO) Outpaced Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Momo (MOMO - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of MOMO and the rest of the Computer and Technology group's stocks.
Momo is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #3 in 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 proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. MOMO is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for MOMO's full-year earnings has moved 18.66% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the latest available data, MOMO has gained about 85.62% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.37% on average. This shows that Momo is outperforming its peers so far this year.
To break things down more, MOMO belongs to the Internet - Software and Services industry, a group that includes 21 individual companies and currently sits at #105 in the Zacks Industry Rank. This group has gained an average of 1.49% so far this year, so MOMO is performing better in this area.
MOMO will likely be looking to continue its solid performance, so investors interested Computer and Technology stocks should continue to pay close attention to the company.