As a journalist, I will present the following article that is unique and has shuffled paragraphs order, moved text between paragraphs and added new information to make it more informative:
When seeking strong Business Services stocks, it is essential to identify companies that are outperforming their peers. One such contender is Spotify (NYSE:SPOT), which holds a Zacks Rank of #1 (Strong Buy) and has achieved a significant gain of 64.9% year-to-date. In comparison, the Business Services sector as a whole has returned an average of 6.7% so far this year.
Another Business Services stock that has excelled is Paymentus (NYSE:PAY), with a return of 8.2% since the beginning of the year. The consensus EPS estimate for the current year has also increased by 11.5% over the past three months for Paymentus, which currently holds a Zacks Rank of #2 (Buy).
Both Spotify and Paymentus belong to the Technology Services industry, with Spotify ranked at #68 in the Zacks Industry Rank and Paymentus also part of the same industry group. On average, stocks in this industry have gained 20.7% year-to-date, indicating that both Spotify and Paymentus are performing well in comparison to their industry peers.
However, it’s worth noting that while both companies have outperformed their peers so far this year, their future performance cannot be guaranteed. Investors should conduct thorough research before making any investment decisions and consider other factors such as market trends, economic conditions, and company-specific risks when evaluating potential opportunities in the Business Services sector.
