|Bid||252.15 x 800|
|Ask||252.70 x 800|
|Day's Range||250.84 - 254.29|
|52 Week Range||171.89 - 257.43|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||42.19|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||1.32 (0.52%)|
|1y Target Est||278.95|
Fintech is transforming the financial industry from the inside out, and there will be lots of winners and losers. Before you invest, know these basic guidelines to this growing industry.
Facebook has set up a new financial technology company in Switzerland focusing on blockchain and payments as well as data analytics and investing, Geneva's commercial register shows. Libra Networks, with Facebook Global Holdings as stakeholder, was registered in Geneva on May 2 to provide financial and technology services and develop related hardware and software, plans submitted on the Swiss register reveal.
The technical outlook for Square (NYSE:SQ) isn't all that rosy, despite how well the company has done over the past few years. Indeed, Square stock has been a beast on the long side and has made many loyal investors a hefty sum of cash. But even with the stock market in rally mode for much of 2019, Square stock has been absent.Source: Chris Harrison via Flickr (Modified)What's going on?Shares have been rolling over as it appears there's been a bit of a "buyer's strike" regarding Square. While Square stock had a violent rally off its December lows, shares are actually flat since Jan. 15. Compare that to its peers and Square stock investors may be getting frustrated.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Chinese Stocks That Could Pop On a Trade Deal PayPal (NASDAQ:PYPL) is up 22.5% in the same timeframe, while the PowerShares QQQ ETF (NASDAQ:QQQ) is up 13%. Visa (NYSE:V) and MasterCard (NYSE:MA) are up 18% and 28%, respectively. The year-to-date numbers are even worse.Stock YTD Return SQ 17% QQQ 19.3% V 24% MA 33.6% PYPL 33.8% I know it's hard to complain about a 17% gain for the year, but considering the fourth quarter that we endured, a snap-back rally like that is to be expected. The fact that it's lagging the QQQs and has generated just 50% of the return from its most compared to competitor (PYPL), and SQ stock is frustrating.Will that underperformance continue? Trading SQ Stock Click to EnlargeAbove is the weekly chart for Square stock. You can clearly see that Square was enjoying a nice, solid uptrend (blue line) for the better part of a year. However, that uptrend came to an end in Q4 2018, when the markets took a painful fall. Square, which was already elevated from its uptrend by quite a bit, was no exception to this selloff.In October, SQ stock hit a 52-week high of $101.15. By mid-December, shares had fallen more than 50% at its lows when it hit $49.82.On the bounce, shares ran to that $77.50 to $80 area, which effectively capped SQ stock from January through April. At $81.56 is the 61.8% retracement for the 52-week range, which more or less acted as resistance. Unfortunately, the 38.2% retracement at $69.43 did not support SQ stock on the downside, nor did the 50-week moving average.I worry about Square in the short- to intermediate term if it can't get over some of these technical levels. Specifically, I want to see Square over the 10-week moving average and above the 38.2% retracement. Over downtrend resistance (purple line) would eventually be nice too.If it can't do that though, it's prone to more declines. Those declines are exacerbated in the event that U.S. stocks take a bigger hit. I have my sights on three potential downside levels: $60 is a notable level of both resistance and support and only gave way amid a flood of selling in December. At $55 is the 100-week moving average, which should provide a bounce should SQ stock test it.Finally, a retest of the lows near $50 should attract buyers. I don't expect this level without a larger flush in the broader market. Bottom Line on Square StockSquare has been a multi-year stud, but that action has not translated to 2019. The company still has a terrific growth profile, with analysts modeling revenue and earnings to grow 43.5% and 60% this year, respectively; 2020's forecast is solid too, at 35% and 49% growth, respectively.While management provided a solid full-year outlook on May 1, second-quarter guidance came up a bit short. At 88 times this year's earnings (after the earnings pullback), SQ stock doesn't have much room for error. Disappointing on guidance, however marginal, can sap momentum in a hurry.Let's see where Square stock can firm up and whether it can regain momentum. Over the 10-week will be the first sign of turning it around.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long V. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post If Square Stock Starts to Fall It Might Be Hard to Stop appeared first on InvestorPlace.
RADNOR, Pa., May 17, 2019 /PRNewswire/ -- Safeguard Scientifics, Inc. (SFE) ("Safeguard" or the "Company") today announced that its partner company, Transactis, has been acquired by Mastercard (MA). Safeguard received total cash proceeds of approximately $57 million, representing an approximate 3.9X cash-on-cash return and approximate 39% IRR, not including immaterial amounts potentially receivable at a later date. Safeguard deployed $14.5 million in Transactis since August 2014. "We congratulate Transactis Chairman and CEO, Joe Proto, on successfully building Transactis and achieving this milestone and wish him and the rest of the Transactis team success in the future. Safeguard continues to make significant progress in our ongoing efforts to support the growth of, and to monetize, our portfolio of partner companies," said Brian J. Sisko, Safeguard President and CEO. "Safeguard has been such a valuable capital provider and partner to Transactis. We are very grateful to Brian and all his colleagues at Safeguard for their unwavering support from the first day Transactis became a Safeguard partner company through our successful exit to Mastercard," added Joe Proto.
Columbus Circle Investors is a Stamford, Connecticut-based hedge fund that was launched back in 1975. At the end of 2018, the fund held around $3.6 billion in assets under management on a discretionary basis. It invests in stocks of all market caps covering a plethora of industries. The fund focuses on achieving long-term results through […]
Mastercard Targets Gig Workers with Lyft PartnershipPartnership with LyftContinuing with its innovative ways to expand its customer base, Mastercard (MA) is now targeting the “gig economy.” In a gig economy, a substantial portion of the
Despite overvaluation concerns, the U.S. technology sector has had a stellar rally in the period between 2010 and so far in 2019, also popularly known as the twenty-tens.
Today, Mastercard announced a partnership with ZIVELO, a leader in self-service kiosk technology, to enhance the drive-in and drive-through ordering experience for quick service restaurants (QSRs) with a first-of-its-kind AI-powered voice assistant and personalized dynamic menu. Sonic Drive-In will be the first partner to pilot the new experience at selected Sonic locations in the U.S. this year. The technology will first be showcased at the National Restaurant Association Show in Chicago from May 18-21, 2019.
Stock futures signaled the stock market rally will continue, with the S&P 500 and Nasdaq set to retake 50-day lines. Earnings lifted Dow Jones stock Cisco and Walmart.
Visa and Mastercard, by virtue of their brand name, vast network, expanding global presence and strong digital platforms, are key players in the payments processing space.
New Lyft Direct Mastercard Debit, supports economic security for drivers with improved payout experience and no-fee bank account offering
Five years ago, Mastercard launched its Girls4Tech program, which works with girls ages 8-12 to build skills and interest in Science, Technology, Engineering and Mathematics education. Now, the program has plans for expansion.
Payments processor Visa (NYSE:V) has been a gift that keeps on giving for investors who've held on to their shares. V stock is up roughly 21% so far this year and many believe the firm can keep going. The S&P 500 index is up 13.4% in the same period.Source: Shutterstock However, with a price-earnings ratio of 33.1 and a dividend yield that's below 1%, Visa stock is also an expensive buy. While the V stock price is up there, the company has a lot of room to keep on growing and that make the shares a solid addition to long-term investors' portfolios. Payments Processing GoldmineOne of the biggest reasons investors consider Visa stock at all is the fact that the firm is the largest payments processor in the world, as measured by the number of branded cards issued. That's a big deal because the industry itself has a huge growth runway, so owning the largest beneficiary of that trend has its perks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dangerous Dividend Stocks to Stay Far Away From People are abandoning cash and opting instead for credit/debit cards and digital payments. Back in 2016 we saw the number of non-cash purchases overtake cash for the first time, and since then the gap has only gotten wider. Visa has been on the receiving end of a great deal of that growth. In 2018, Visa processed 124 billion transactions on its network -- a step up from the 111 billion it facilitated in 2017.Those rising transaction figures are the reason Visa has been able to consistently produce double-digit growth over the past few years, a trend that most expect to continue throughout the medium term. Growth AheadWith the largest number of outstanding cards, Visa has a lot of power over the fees it can charge merchants and it's used that power to grow its margins. As one of the most widely accepted credit cards, Visa appeals to customers and that in turn makes merchants more willing to pay a premium to accept Visa payments.It's also important to recognize that Visa stock isn't just a credit card play anymore, either. V has also started branching out into the digital payments space with Visa Checkout, and the firm has also took a position in Square (NYSE:SQ), a smaller payments processor with a firm foothold in next-generation payment methods. Times They Are a' ChangingSome argue that Visa's dominance in the payments processing space is actually a negative. The firm's near duopoly with Mastercard (NYSE:MA) in the credit card space could make it a target for regulatory action, especially as cash payments continue to dwindle and it becomes more and more necessary to have a credit card on-hand. Plus, there's further to fall when you're already at the top. Investors aren't wrong in saying that Visa stock has high expectations to live up to. We saw that materialize in the second quarter when V announced its earnings results. Despite the fact that Visa beat earnings expectations and met revenue predictions, the stock declined as investors digested the news. For those investors who like the payments sector but looking for broader exposure than just one name, the ETFMG Prime Mobile Payments ETF (NYSEArca:IPAY) might be the way to play it, with V stock, MA and SQ among the top holdings in its 40-stock portfolio. Visa Stock's Worth The PriceSure, there are risks when it comes to buying Visa stock. If you're a value investor, it can be worrisome to invest in a stock that's trading near all-time highs. However, it's important to note that Visa is almost always trading near all-time highs because the firm delivers solid growth more often than not. * 7 Cloud Stocks to Buy on Overcast Days The buy case for Visa stock is a simple one: the firm has a commanding market share in an extremely scalable business. The growth opportunity is there and Visa doesn't have to work hard to get it. While some of its peers like American Express (NYSE:AXP) are considerably cheaper -- at a P/E of 14.9 -- Visa offers a level of stability and security that others can't simply because of its size and reach.As long as you believe that non-cash transactions will continue gaining momentum, V stock will be a worthwhile consideration. Don't let the company's price-tag scare you, it almost never trades at a huge discount. Visa is the kind of stock you buy and hold on to for years, so its worth a look for long-term investors. As of this writing Laura Hoy did not hold a position in any or the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Trade War Stocks With a Lot of Risk * 7 Bond ETFs to Buy * 10 Stocks That Could Squeeze Short Sellers, Including CGC Compare Brokers The post Is Visa Stock Too Expensive at $160 Or Is There Even More Upside Here? appeared first on InvestorPlace.
Visa, the IBD Stock Of The Day, is making all the right moves, but a market correction is underway. Archrival Mastercard is showing similar bullish action. Both stocks are highly rated.
After nearly reaching $75 per share, Square, (NYSE: SQ) stock is changing hands for around $65 per share. Markets became less bullish on SQ stock after SQ provided weak Q2 guidance.Source: Via SquareEven though its Q1 results beat analysts' consensus outlook, the payment processing firm needs to demonstrate that its initiatives such as its latest partnership with Postmates will be fruitful. With a market capitalization of $28 billion and a forward price-earnings ratio of almost 60, SQ stock is more suitable for growth investors. So how significant is its latest partnership announcement? * 6 Trade War Stocks With a Lot of Risk Deal with PostmatesPostmates is a network of couriers who deliver food, groceries, and alcohol locally. Following the deal with Postmates, Square customers can use Postmates' couriers to get goods to customers who place orders with SQ.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSquare is no stranger to the delivery business. It owns food delivery services firm Caviar, a company it bought in 2014. Yet Postmates will catapult Square's addressable market size because Postmates has a presence in more than 1,000 cities.After raising $100 million in January, Postmates is valued at $1.85 billion. Second-Quarter GuidanceSquare needs to grow its addressable market because it lowered its Q2 outlook. It forecast earnings of $0.14 - $0.16 per share of SQ, below the consensus forecast of 18 cents per share of SQ stock . But the top end of the company's full-year revenue guidance range was raised to $2.28 billion from $2.25 billion previously.Many investors clearly sold SQ stock following the guidance because they felt uncertain about SQ's near-term outlook. Yet the company's full-year EPS guidance of $0.74- $0.78 per share was unchanged, indicating that SQ lowered its Q2 EPS guidance because it expects to delay recognizing some of its revenue by a quarter or two. Strong Momentum in Q1Despite the deceleration of Square's business in Q2, the company's growth in Q1 still justifies the valuation of SQ stock. Specifically, its seller and cash app ecosystem drove total year-over-year revenue growth of 43%. The Valuation of SQ StockThe 22 analysts covering SQ stock are very bullish on it and have an average price target that is about 20% above the stock's recent $66 share price (per Tipranks). If investors think that the company's revenue will grow between 25% and 45% annually for the next five years, a 5-year DCR Revenue Exit model suggests SQ stock could have a fair value that is about 30% above its current price. The Bottom Line on SQThe downtrend of Square stock is puzzling because its peers, namely PayPal (NASDAQ:PYPL), Visa (NYSE:V), and MasterCard (NYSE:MA) have all traded higher recently. But the company's near-term slowdown is scaring buyers away and creating selling pressure on SQ stock.Investors who missed the rally that took Square stock to $100 in October 2018 have another chance to pick up SQ at a decent level. Consider initially buying a small number of shares of SQ. And from there, average down or up over the next few months.As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 6 Trade War Stocks With a Lot of Risk * 7 Bond ETFs to Buy * 10 Stocks That Could Squeeze Short Sellers, Including CGC Compare Brokers The post Why the Outlook of Square Stock Is Still Bright appeared first on InvestorPlace.
There are many emerging fintech companies to invest in. Digital payment technology is changing the competitive landscape in fields like e-commerce, payment networks and banking.
Today, Mastercard introduced the Mastercard Innovation Engine, an API based digital platform that enables issuers and merchants a simplified path to rapidly deploying digital capabilities and experiences to their customers. The plug-and-play platform seamlessly brings together Mastercard assets and financial-technology services to deliver unique and digitally integrated solutions and consumer experiences through a single connection. Given where Mastercard sits at the epicenter of payments, we recognize that we can serve as a hub for scaled innovation delivered through our issuing partners.
Shares of the African e-commerce leader were whipsawing today after the company released its first earnings report as a publicly traded company.
The Lagos, Nigeria-based "Amazon of Africa" posted negative adjusted Ebitda of €39.5 million vs. negative adjusted Ebitda of €30.2 million a year earlier. The company did not provide per-share earnings results.