Is AppLovin (APP) Stock Outpacing Its Business Services Peers This Year?

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has AppLovin (APP) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.AppLovin is one of 253 companies in the Business Services group. The Business Services group currently sits at #5 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 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. AppLovin is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past 90 days, the Zacks Consensus Estimate for APP's full-year earnings has moved 8.1% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Our latest available data shows that APP has returned about 106.9% since the start of the calendar year. In comparison, Business Services companies have returned an average of 0%. This shows that AppLovin is outperforming its peers so far this year.Duolingo, Inc. (DUOL) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 0.7%.Over the past three months, Duolingo, Inc.'s consensus EPS estimate for the current year has increased 7.5%. The stock currently has a Zacks Rank #1 (Strong Buy).Looking more specifically, AppLovin belongs to the Technology Services industry, which includes 118 individual stocks and currently sits at #84 in the Zacks Industry Rank. This group has gained an average of 40.6% so far this year, so APP is performing better in this area. Duolingo, Inc. is also part of the same industry.Investors interested in the Business Services sector may want to keep a close eye on AppLovin and Duolingo, Inc. as they attempt to continue their solid performance.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AppLovin Corporation (APP): Free Stock Analysis Report Duolingo, Inc. (DUOL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks