26.53 +0.02 (0.08%)
After hours: 4:03PM EDT
|Bid||26.25 x 4000|
|Ask||27.00 x 1100|
|Day's Range||26.35 - 26.83|
|52 Week Range||15.52 - 27.15|
|Beta (3Y Monthly)||2.09|
|PE Ratio (TTM)||23.97|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The merger and acquisitions space is looking strong, topping $40 billion in deals for the first Monday in June, according to recent data. Sal Bruno, Chief Investment Officer at IndexIQ, joins Seana Smith on 'The Ticker' to discuss how this ETF can diversify investor portfolios.
First Data Corp NYSE:FDCView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for FDC with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold FDC had net inflows of $3.24 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. FDC credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Moody's Investors Service ("Moody's") has assigned a Baa2 senior unsecured rating to Fiserv, Inc.'s ("Fiserv") proposed offering of Euro and British Pound denominated senior notes. The net proceeds from the offering will be used to provide funds for the pending acquisition of First Data Corporation ("First Data"), including for the refinancing of First Data's existing debt.
The ninth-annual BB&T; Atlanta Open, scheduled for July 20-28, is in its first year of a new 5-year contract with Atlantic Station.
The BB&T; Atlanta Open, set for July 20-28, is poised to bring on First Data as it looks to expand its community outreach and reach a larger audience.
The longest portion of the offering, a 30-year security, will yield about 1.82 percentage points above Treasuries, after initial talk at around 2 percentage points, said the person, who asked not to be identified as the details are private. Fiserv, which wrapped up meetings with U.S. investors last week, is also holding meetings across Europe Tuesday through Thursday. Fidelity National expressed a clear preference for European markets in the financing, which was used to help fund its acquisition of Worldpay Inc.
Compared to 2017 and the bulk of 2018, Square (NYSE:SQ) has been disappointing of late. SQ stock is still down 36% from its early-October high, unable to hold on to its rebound gains from earlier this year. Indeed, shares are down nearly 18% from March's average price, largely thanks to a slowdown in revenue growth.Source: Chris Harrison via Flickr (Modified)Investors and analysts alike, however, may have been imposing unfair expectations on the company. The bigger it gets, the tougher the comparisons become. Traders revolted at the initial sign of a headwind.It was an inevitable development for Square, though, just as it's an inevitable development for most young tech companies that are building a business on a good idea. Eventually, an organization grows out of its high-growth phase and moves into the mature phase of its life.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat unexpected graduation upended this name, but the subsequent weakness is an opportunity to step into SQ stock on the cheap while the market reframes what Square should be at this stage. Tough Act to FollowThe fact that it was able to launch at all is impressive in and of itself. * 7 Stocks to Buy As They Hit 52-Week Lows When Square debuted in 2009, Paypal Holdings (NASDAQ:PYPL) was arguably the king of the online payment world, while players like Visa (NYSE:V) and First Data (NYSE:FDC) seemingly held a firm lead on their piece of the payments market.Square's founders Jim McKelvey and Jack Dorsey, who also runs Twitter (NYSE:TWTR), saw an unmet need, though. With 23 million sole proprietors in the United States in addition to millions more small shops being ignored or poorly served by the credit card industry, allowing them a simple and cost-effective means of accepting card payments has proven to be a huge opportunity.Several numbers confirm the idea, not the least of which is the 350% advance SQ stock has dished out since the end of 2016. Accelerating double-digit growth made for a convincing bullish argument.Things began to change in the latter part of last year. The pace of growth began to slow and outright decline in the first quarter of this year, from a pace of 51% to 43%.Still, it's growth that most other companies envy, and growth that, from most other companies, would have investors salivating. Not Square, though. The chatter surrounding this storied stock -- and it is a true "story stock" -- has been all about the breakneck speed of its sales growth, en route to a swing to a real GAAP profit. When the pace slowed, the story crumbled.Take a closer look at the company, however. The future still looks amazingly bright, and the market may be on the verge of mentally repositioning Square as something other than a story stock that needs unsustainable growth rates to drive unsustainable rallies.Once that dust fully settles, SQ stock should become a solid, even if less volatile, prospect. Square OutlookIt's a reality that hasn't eluded analysts even in the midst of some rather dramatic investors panic.Though traders have driven shares down to their current price near $65, the consensus target remains just under $83. That's still relatively close to its peak consensus target of around $88 in December of last year, before another wave of selling forced some analysts to at least acknowledge current price action.Driving that rather persistent optimism is a growth streak that's projected to remain in place for the foreseeable future. While the relative, comparison pace is slowing, on an absolute basis, the growth train continues to roll.By the third quarter of this year, analysts expect positive GAAP earnings.It's not just wishful thinking either. Square has catalysts in the cards. Chief among them is ongoing growth of its Cash App. Barclays analyst Ramsey El-Assal reiterated this week the possibility that it could propel SQ stock higher, after saying in March: "Square's vision is that consumers rely on Cash App, instead of a bank account, for services like bill pay, budgeting, investing, and lending, in addition to storing, spending, and sending money."Instinet's Dan Dolev is bullish too, though for a different reason. He also noted in March: "With over 80% of large-sellers self-onboarding, we expect this positive trend to continue," highlighting Square's traction with bigger businesses. Bottom Line for SQ StockInvestors are slowly but surely figuring out the future can't look like the past no matter how successful the company is. Though it's taking time, the adjustment is being made. * Walmart Stock Looks Poised to Reach $120 This Year That's not to suggest such an adjustment is made in a straight line. Surely many traders will remain stuck in the old paradigm, while others are already valuing Square like an old-school name. It's a paradigm that sets the stage for more volatility. That volatility is being exacerbated by the overall market's uncertainty.The fog is lifting though, and what's starting to emerge is a company that's still easy to own even if it's not putting on a fireworks show.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy As They Hit 52-Week Lows * 4 Antitrust Tech Stocks to Keep an Eye On * 5 Gold and Silver Stocks Touching Intraday Highs Compare Brokers The post Buy SQ Stock As Square Enters the Next Stage of Its Life appeared first on InvestorPlace.
Insider Monkey has processed numerous 13F filings of hedge funds and successful investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find write-ups about an individual hedge fund's trades on numerous financial news […]
First Data (FDC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Ride-sharing giant Uber (NYSE:UBER) made its long awaited debut on Wall Street in May, and it was one of the worst tech IPOs ever. The IPO was priced at $45 per share of Uber stock, at the low end of a reduced target range.Uber stock price opened up at $42, and closed around $41 and change, making it just the third $10 billion-plus tech company to have its stock close below its IPO price on the first day of trading.Source: Shutterstock That's not great news. Further, the Uber IPO dud came on the heels of an IPO dud by Uber's ride-sharing peer, Lyft (NASDAQ:LYFT). Thus, within a few months, the ride-sharing market took two big hits, with the broad implication being that investors should stay away from this space due to its lack of long-term growth clarity and its profitability challenges.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Sell Amid an Escalating Trade War A possible takeaway is that investors should avoid Uber stock.But that takeaway is too simple and misses the big picture. Overall, Uber is an innovative company that's expanding its share of a huge market, while its core business is profitable and getting more profitable. The IPO was a dud only because of bad timing.So concerns about Uber stock related to the growth and profitability of Uber are overstated. Worries that the disappointing Uber IPO will permanently keep Uber stock price down are also overdone. Playing contrarian with Uber stock here and now will pay off over the long-term. Concerns Are OverstatedWhen it comes to Uber, investors have three major concerns. All three aren't significant, and don't hold water.First, some investors are concerned about the poor performance of Uber IPO. But a bad IPO doesn't equal a bad stock. The other two tech IPOs which closed lower on their first day of trading were First Data (NYSE:FDC) and iQiyi (NASDAQ:IQ).Today, FDC stock is up more than 50% from its IPO price, while IQ is up more than 10%, and would be up a lot more if it weren't for the trade war (iQiyi is a Chinese streaming company). Meanwhile, Facebook (NASDAQ:FB) had a rough first few weeks on Wall Street, too. That stock has surged about 500% from its IPO price.Thus, over he long-term, concerns about bad IPOs aren't valid.Second, some investors are concerned about the uncertainty of Uber's long-term growth outlook due to competition and autonomous vehicles (AVs).But Uber is based on a network that can easily grow. Its network consists of recruiting more drivers who lower wait times, leading to more riders, which leads to higher earnings, and more drivers. Its size is a sustainable moat in this market. Plus, because ride sharing is all about logistics and Uber is the king of logistics in this market, the introduction of AVs won't replace Uber; instead, AV producers will partner with Uber on ride sharing.Thus, over the long-term,concerns about Uber's growth will prove to be unfounded.Third, investors are worried that this company will never be comfortably profitable. There's one big problem with this thesis. Uber's core ride-sharing business is already profitable, as it generates adjusted operating margins of nearly 10%. Further, those margins are rising, and will continue to increase as Uber grows, while UberEats starts to move into profitable territory.Thus, profitability concerns won't be valid over the longer term. Uber's Growth Potential Is EnormousThe core thesis on Uber's growth outlook is quite compelling.This is an innovative company that is the undisputed king of the ride-sharing market. That market is still very small relative to its long-term potential. Ride sharing represents just a few percent of total global vehicle miles traveled. Eventually, it should represent the majority of vehicle miles traveled because roads are becoming too crowded and car ownership is becoming too expensive.Thus, the ride-sharing market should grow by leaps and bounds over the next several years. Uber, thanks to its network and ability to innovate into new, tangential ride-sharing markets, should remain the top dog in this industry. Its margins, which are already improving, should continue to rise as it grows. Its high losses will turn into high profits, boosting Uber stock price.Uber will leverage non-cyclical growth tailwinds and its large size to one day become an immensely profitable company at the epicenter of an enormous market. That sounds a lot like Amazon (NASDAQ:AMZN). That's why calling Uber the Amazon of transportation makes sense.It's also why Uber stock price will head way higher over the long-run. The Bottom Line on Uber StockUber stock had a tough start on Wall Street because the company went public in the worst week possible, amid escalating trade tensions between the U.S. and China. Those trade tensions have cooled ever since, and Uber stock is a growth name that's worth holding onto for the long run.As of this writing, Luke Lango was long UBER, LYFT, FB, and AMZN. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Amid an Escalating Trade War * 5 REITs to Buy While They're Dirt Cheap * The Only 3 Marijuana Stocks You Need to Own Compare Brokers The post Why Investors Shouldn't Be Stressed About Uber Stock appeared first on InvestorPlace.
Sandell Asset Management is an alternative asset manager with a specialty in credit opportunities, global corporate merger arbitrage, and equity special situations. It was founded in 1998 by a renowned Swedish investor and billionaire, Tom Sandell. It provides offices in New York City and London. Tom Sandell cut his teeth at Bear Stearns, where he […]
Shares of Total System Services Inc. are up more than 6% in premarket trading Friday after Bloomberg reported that the company has engaged in talks with Global Payments Inc. about a potential merger. The companies also discussed potential joint ventures and other ways they could work together without merger, according to Bloomberg, which cites an anonymous source. Total System Services and Global Payments didn't immediately respond to MarketWatch's request for comment. "It seems like the race is on for creating the third two-sided network platform, servicing both [financial institutions] and merchants," wrote Wedbush analyst Moshe Katri. "TSS remains one of the least expensive names in the space." Payments peers Fidelity National Information Services Inc. and Worldpay Inc. announced plans to combine back in March, while Fiserv Inc. and First Data Corp. announced their own merger plans in January. Piper Jaffray analyst Jason Deleeuw wrote that he expects any merger between Total System Services and Global Payments to be a cash and stock deal, "like the other two processing mega-mergers announced this year." Total System Services shares have gained 23% so far this year, as the S&P 500 has risen 13%.
Carlson Capital is a Dallas, Texas-based multi-strategy alternative hedge fund that provides additional offices in Houston, New York City, Palm Beach Gardens, Greenwich, and London. It was founded by Clint Carlson back in 1993 and grew big since then, now managing more than $7 billion in hedge fund and CLO assets. Prior to launching his […]
Investment firm Grantham, Mayo, Van Otterloo & Co., which was co-founded by renowned investor Jeremy Grantham (Trades, Portfolio) in 1977, released its first-quarter portfolio earlier this week, listing 251 new positions. Warning! GuruFocus has detected 7 Warning Signs with CVNA.