U.S. markets close in 40 minutes
  • S&P 500

    4,396.65
    +1.39 (+0.03%)
     
  • Dow 30

    34,916.20
    -19.27 (-0.06%)
     
  • Nasdaq

    14,716.14
    +43.46 (+0.30%)
     
  • Russell 2000

    2,230.45
    +4.20 (+0.19%)
     
  • Crude Oil

    71.22
    -2.73 (-3.69%)
     
  • Gold

    1,819.50
    +2.30 (+0.13%)
     
  • Silver

    25.55
    -0.00 (-0.01%)
     
  • EUR/USD

    1.1875
    0.0000 (-0.00%)
     
  • 10-Yr Bond

    1.1740
    -0.0650 (-5.25%)
     
  • GBP/USD

    1.3891
    -0.0015 (-0.11%)
     
  • USD/JPY

    109.2760
    -0.3390 (-0.31%)
     
  • BTC-USD

    39,596.16
    -1,230.98 (-3.02%)
     
  • CMC Crypto 200

    969.05
    +8.16 (+0.85%)
     
  • FTSE 100

    7,081.72
    +49.42 (+0.70%)
     
  • Nikkei 225

    27,781.02
    +497.43 (+1.82%)
     

Will Newtek Business Services (NEWT) Continue to Surge Higher?

·2 min read

As of late, it has definitely been a great time to be an investor of Newtek Business Services Corp. NEWT. The stock has moved higher by 22.5% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider NEWT’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as NEWT has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>


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
 
Newtek Business Services Corp. (NEWT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research