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Has The Trade Desk (TTD) Outpaced Other Computer and Technology Stocks This Year?
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is The Trade Desk (TTD - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
The Trade Desk is a member of the Computer and Technology sector. This group includes 660 individual stocks and currently holds a Zacks Sector Rank of #6. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. TTD is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for TTD's full-year earnings has moved 0.66% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, TTD has returned 142.58% so far this year. Meanwhile, stocks in the Computer and Technology group have lost about 0.65% on average. This means that The Trade Desk is outperforming the sector as a whole this year.
Breaking things down more, TTD is a member of the Internet - Services industry, which includes 52 individual companies and currently sits at #86 in the Zacks Industry Rank. Stocks in this group have lost about 22.51% so far this year, so TTD is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on TTD as it attempts to continue its solid performance.
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Has The Trade Desk (TTD) Outpaced Other Computer and Technology Stocks This Year?
The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is The Trade Desk (TTD - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.
The Trade Desk is a member of the Computer and Technology sector. This group includes 660 individual stocks and currently holds a Zacks Sector Rank of #6. 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 model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. TTD is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for TTD's full-year earnings has moved 0.66% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, TTD has returned 142.58% so far this year. Meanwhile, stocks in the Computer and Technology group have lost about 0.65% on average. This means that The Trade Desk is outperforming the sector as a whole this year.
Breaking things down more, TTD is a member of the Internet - Services industry, which includes 52 individual companies and currently sits at #86 in the Zacks Industry Rank. Stocks in this group have lost about 22.51% so far this year, so TTD is performing better this group in terms of year-to-date returns.
Investors in the Computer and Technology sector will want to keep a close eye on TTD as it attempts to continue its solid performance.