WEX Inc. (WEX - Free Report) has announced that it recently gave its trucking customers access to its fuel discount network.
This network which forms a part of WEX’s new WEX EDGE business savings network, allows WEX merchants to offer savings on truck fuel purchases. Customers can access such discounts at thousands of participating locations across the United States, thereby reducing cost and maintaining uninterrupted deliveries amid the coronavirus pandemic.
WEX EDGE was recently launched with a view to help small fleets and businesses sail through the tough economic conditions by allowing them to avail highly curated and discounted offers that are otherwise available only to large companies.
"We’re thrilled our merchant partners came together to offer this discount network to our trucking customers who are providing such a critical service by continuing to deliver goods and services to all of us right now," said Tim Hampton, senior vice president and general manager of WEX’s over-the-road business.
Notably, WEX’s shares have gained a massive 73.5% over the past three months, significantly outperforming the 26.8% rally of the industry it belongs to.
Zacks Rank and Stocks to Consider
WEX currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are Elastic N.V. (ESTC - Free Report) , SailPoint Technologies Holdings, Inc. and DocuSign, Inc. (DOCU - Free Report) . All the stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Long-term earnings (three to five years) growth rates for Elastic, SailPoint Technologies and DocuSign are estimated at 26%, 15% and 31.2% respectively.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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WEX Inc. (WEX - Free Report) has announced that it recently gave its trucking customers access to its fuel discount network.
This network which forms a part of WEX’s new WEX EDGE business savings network, allows WEX merchants to offer savings on truck fuel purchases. Customers can access such discounts at thousands of participating locations across the United States, thereby reducing cost and maintaining uninterrupted deliveries amid the coronavirus pandemic.
WEX EDGE was recently launched with a view to help small fleets and businesses sail through the tough economic conditions by allowing them to avail highly curated and discounted offers that are otherwise available only to large companies.
"We’re thrilled our merchant partners came together to offer this discount network to our trucking customers who are providing such a critical service by continuing to deliver goods and services to all of us right now," said Tim Hampton, senior vice president and general manager of WEX’s over-the-road business.
Notably, WEX’s shares have gained a massive 73.5% over the past three months, significantly outperforming the 26.8% rally of the industry it belongs to.
Zacks Rank and Stocks to Consider
WEX currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are Elastic N.V. (ESTC - Free Report) , SailPoint Technologies Holdings, Inc. and DocuSign, Inc. (DOCU - Free Report) . All the stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Long-term earnings (three to five years) growth rates for Elastic, SailPoint Technologies and DocuSign are estimated at 26%, 15% and 31.2% respectively.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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