255.75 +0.39 (0.15%)
After hours: 7:10PM EDT
|Bid||255.40 x 3100|
|Ask||255.75 x 800|
|Day's Range||253.79 - 255.95|
|52 Week Range||171.89 - 257.43|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||42.66|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||1.32 (0.52%)|
|1y Target Est||278.95|
Square (NYSE:SQ) continues its slide. The San Francisco-based payment services company has moved lower even as its peers continue to see their stocks go higher. Despite a steady decline, analysts have mostly held to their price targets on Square stock. Although SQ may remain range-bound for some time to come, investors now have an opportunity to make a trade. Source: Chris Harrison via Flickr (Modified) Given Square's recent trading activity, where it goes from here remains in question. The stock has fallen steadily since its 2019 peak of $82.78 per share in late February. The company provided weak guidance in its quarterly report on May 1. Hence, earnings and revenue beats for the most recent quarter failed to stem the tide. As a result, SQ trades near the $65 per share level.What makes this more confusing is that our increasingly cashless society will require Square's services. This trend has benefitted peers such as PayPal (NASDAQ:PYPL) over the last year. Consequently, PayPal and peers such as Visa (NYSE:V), Mastercard (NYSE:MA), and American Express (NYSE:AXP) have exhibited remarkably similar trading patterns over the last year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 High-Yield REITs to Buy (Even When the Market Tanks) Not Square.I had taken a bearish position on Square stock in recent months. Even with an improving outlook, I thought SQ would face short-term pain back in March. However, with a further 15%, I have recently begun to hold a more bullish outlook. Square Stock Should Clear TargetsAnalysts appear to agree. The average price target on SQ currently stands at $83.50 per share, very close to the stock's 2019 high. On the low end, one analyst set a $30 per share price target. I could see such a price in a recession. However, with a growing economy and a predicted earnings growth rate of 59.6% this year, I do not think such an outcome will occur.The highest current price target comes in at $101 per share, near the level of its 52-week high. Hence, barring a recession, SQ stock should remain in its range for now.The good news for SQ bulls is that the stock price can rise even if Square remains range-bound. Although profit growth will fall modestly, Wall Street predicts that earnings will still grow at an average rate of 45.47% per year over the next five years. Currently, SQ also supports a forward price-to-earnings (PE) ratio of about 57. With its current level of profit growth, I do not see the PE ratio falling significantly in the near term. Square Stock and ExpansionFor investors who want to look beyond the short term, Square also continues to bolster its ecosystem with new products and initiatives. One example involves its Square Online store.After acquiring Weebly, it was able to offer clients a more comprehensive online store. This now makes Square a competitor of Shopify (NYSE:SHOP) and expands its reach in the fast-growing e-commerce industry. Now, with its recent alliance with Postmates, the reach of its ecosystem expands further.Financial services has also become a focus. Square already makes business loans. In recent months, it has also attempted to expand on its Cash App and break into banking itself. However, this move to gain FDIC approval and become an industrial loan company still needs to pass regulatory hurdles.Moreover, Square has only scratched the surface of its potential reach. Currently, the company only operates in the U.S., Canada, Japan, Australia, and the U.K. Though it has not announced plans to move into other countries, it holds tremendous potential offshore.All of these factors should eventually translate into growth for SQ stock, even if the equity remains range-bound for some time to come. The Bottom Line on Square StockThanks to the falling price, traders have an improved opportunity for short-term gain as the long-term outlook improves for investors. A falling stock price continues to take SQ toward the lower end of its current range.Analysts have held to their $83.50 per share price target. Further, Square continues to expand its ecosystem as they add e-commerce storefronts, small business loans, and delivery. The company also offers a bright future to investors with likely moves into banking and other foreign markets.Whether one wants to make a short-term trade or build a long-term investment, SQ stock has fallen to a level where both types of investors can likely swipe in profits.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post With $83 on the Horizon, Square Stock Finally Is Cheap Enough to Buy appeared first on InvestorPlace.
Mastercard, one of the world’s most active sponsors of major sporting events, is strengthening its commitment to women’s football. Mastercard has been a long-standing advocate of the importance of diversity, inclusion and partnering to promote good governance and integrity in sport. For 25 years, Mastercard has been a major sponsor of women’s football.
Looking for the best growth stocks to buy? Start by identifying the seven traits of winning stocks, then use IBD screens to find stocks showing them now.
Fintech leader and Visa rival Mastercard stock is testing the upper limits of a new buy zone after already making a 23% gain from a Jan. 31 breakout.
U.S. equities are trading with modest losses on Monday as the U.S.-China trade standoff looks set to take a turn for the worst. The latest is chatter that Beijing could retaliate with an export ban on rare earth metals into the United States, with President Xi Jinping visiting the facilities of JL MAG Rare-Earth in what looks like a scripted warning.This follows the over-the-weekend signing of an executive order by President Trump that prohibits U.S. companies from doing business with Huawei without getting a special license first. This is adding to the impression that the trade fight isn't going to be resolved anytime soon and could well be a drag on both economic and earnings growth going forward. * 10 Baby Boomer Stocks to Buy Investors, for their part, are seeking refuge in key defensive stocks that are holding up well in the volatile environment. Here are five large-cap stocks to consider:InvestorPlace - Stock Market News, Stock Advice & Trading Tips MasterCard (MA) Click to EnlargeMasterCard (NYSE:MA) shares are flirting with new record highs on Monday, continuing to pressure the $255-a-share level, capping a massive 46% rally off of the lows seen in late December. The company recently announced an extended partnership with Lyft (NASDAQ:LYFT) to provide drivers with immediate access to their earnings.The company will next report results on July 30 before the bell. Analysts are looking for earnings of $1.82 per share on revenues of $4.1 billion. When the company last reported on April 30, earnings of $1.78 beat estimates by 12 cents on a 8.6% rise in revenues. Microsoft (MSFT) Click to EnlargeMicrosoft (NASDAQ:MSFT) shares are consolidating near recent highs around the $130-a-share threshold. Recent results have revealed growing momentum in its Office and cloud businesses. The company has been busily penning partnership agreements with the likes of Sony (NYSE:SNE) and JPMorgan Chase (NYSE:JPM) to pursue new strategic initiatives around technology like blockchain and AI. * 7 Stocks to Buy that Lost 10% Last Week The company will next report results on July 18 after the close. Analysts are looking for earnings of $1.21 per share on revenues of $32.6 billion. When the company last reported on April 24, earnings of $1.14 beat estimates by 14 cents on a 14% rise in revenues. Visa (V) Click to EnlargeVisa (NYSE:V) shares are also hovering near recent highs, attempting to break through the $165-a-share level, capping a near 40% rally off of the lows set in late December. The 50-day moving average has been providing consistent and steady support, setting up a breakout to new records. Coverage was recently resumed at Goldman with a Buy rating.The company will next report results on July 24 after the close. Analysts are looking for earnings of $1.33 per share on revenues of $5.7 billion. When the company last reported on April 24, earnings of $1.31 per share beat estimates by 7 cents on an 8.3% rise in revenues. Disney (DIS) Click to EnlargeDisney (NYSE:DIS) shares are sitting in the middle of a two-month consolidation range that capped a 22% rally out of a long consolidation channel going all the way back to 2015. The big recent news was that the company assumed full operational control of over-the-top streaming provider Hulu -- broadening the company's efforts to challenge Netflix (NASDAQ:NFLX). * 7 Stocks to Buy for Over 20% Upside Potential The company will next report results on Aug. 7 after the close. Analysts are looking for earnings of $1.7 per share on revenues of $21.5 billion. When the company last reported on May 8, earnings of $1.61 per share beat estimates by 4 cents on a 2.6% rise in revenues. Pepsi (PEP) Click to EnlargePepsi (NASDAQ:PEP), like Coca-Cola (NYSE:KO), is enjoying a steady bid here as investors flock to defensive consumer staple names. The push to new record highs marks an exit from a three-year-long consolidation range centered near $110. The company was recently upgraded by analysts at Goldman, lifting their rating out of sell territory.The company will next report results on July 9 before the bell. Analysts are looking for earnings of $1.5 per share on revenues of $16.3 billion. When the company last reported on April 17, earnings of 97 cents per share beat estimates by 4 cents on a 2.6% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 High-Yield REITs to Buy (Even When the Market Tanks) * 5 Great Blue-Chip Stocks to Buy Today * 7 Tech Stocks to Buy That Are Also Perfect for Retirement Compare Brokers The post 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns appeared first on InvestorPlace.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
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.
The Dow jumps 200 points. So what happens next? A look at what the traders bought today, with CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Brian Kelly, Mark Tepper and Tim Seymour.