SPOT - Is Spotify Technology Stock Outpacing Its Business Services Peers This Year? | Benzinga
The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Spotify (NYSE: SPOT) 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? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.
Spotify is one of 315 individual stocks in the Business Services sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual ...