180.74 +0.21 (0.12%)
After hours: 7:18PM EDT
|Bid||180.55 x 800|
|Ask||180.99 x 1000|
|Day's Range||178.58 - 180.62|
|52 Week Range||121.60 - 181.35|
|Beta (3Y Monthly)||0.83|
|PE Ratio (TTM)||37.30|
|Earnings Date||Jul 23, 2019|
|Forward Dividend & Yield||1.00 (0.56%)|
|1y Target Est||188.17|
The serial entrepreneur sounds off on the negative impact he says the tech sector is having on the Bay Area's quality of life.
Hardware becoming software is one of the key trends of this decade. As Apple (NASDAQ:AAPL) prepares to refresh its product line for the fall of 2019, it is selling its software as a lifestyle.Source: Shutterstock The key product launch investors need to consider is the Apple Card, the company's entry into finance.While Facebook (NASDAQ:FB) wants to create its own money and replace the current Visa (NYSE:V)-dominated payment infrastructure with something cheaper, Apple Card is a gloss on MasterCard (NYSE:MA), with personal finance delivered through an app and integration with existing wireless payment technology.InvestorPlace - Stock Market News, Stock Advice & Trading TipsApple is also throwing money at original content, hoping to overwhelm Spotify (NASDAQ:SPOT) in podcasts and Netflix (NASDAQ:NFLX) in streaming entertainment. * 7 Stocks Top Investors Are Buying Now Apple's strategy is coming into focus. It's a lifestyle and an indenture. It's a walled garden where, in exchange for promises of privacy, Apple controls everything you have, including your cash flow. The Biggest iOS LaunchApple's biggest product launch is now going through its final beta test, iOS 12.4 beta 7. Its successor, iOS 13, was announced at the June Worldwide Developer's Conference.The key new feature supported by 12.4 is the Apple Card, on which Goldman Sachs (NYSE:GS) estimates it has spent nearly $275 million, transforming itself from an investment bank into a consumer bank. The card itself is designed around the app, with daily cash rewards and full integration with the Apple Wallet to track spending.The card is thus meant to change behavior, which now favors physical debit cards for most transactions. The potential bonanza here is enormous. People who pay off their cards spend an average of $1,154 with them each month, and the average user carries $6,354 of credit card debt. Goldman expects to offer $1,000 in credit to those with credit scores as low as 600, and charge Apple Card customers interest rates of 13%-24% on balances. Apple's Ho-Hum HardwareWith the next iPhone already being called a clunker, Apple has to extract more from software and services to maintain last year's 15% growth rate, with 22% of revenue hitting the net income line.The iPhone 11 design itself looks like a greatest hits album from previous iterations. Its main improvement is a bigger battery. The same is true for the latest MacBook, which only received minor tweaks on existing designs.But the hardware is the center of a software ecosystem that brings Apple profit from every corner of a customer's life. Software and services are more profitable than hardware.This extends to the Apple Watch. Given how many stores had the watch at clearance prices this month, including the Apple Watch 4, an Apple Watch 5 can't be far off. But the hardware isn't likely to change much. It will just be capable of running more software, especially health software. Health will follow cash into the Apple profit column.Critics worry the emphasis on service revenue will compromise the user experience. But people who believe in Apple tend to go all-in. The most important point about the iPhone's market share is its stability. They have half of the U.S. market and over one-fifth of the global market. The Bottom LineAn Android is a phone, a utility that offers unlimited choice. An iPhone is a lover, seducing and then demanding increasing loyalty.Once you're in the Apple ecosystem, the company wants to make it a lifestyle, handling your money, your entertainment, even your health.That's CEO Tim Cook's bet, that Apple products can be more than phones or watches or PCs, but a lifestyle for those seduced by its design and brand promise.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post AAPL Stock: Apple Software Becomes Lifestyle appeared first on InvestorPlace.
Anything with a high P/E must have a large total addressable market, the ability to scale up its business and a wide 'moat.' One stock that fits the bill: Mastercard.
(Bloomberg) -- After surviving a two-day battering on Capitol Hill, now comes the hard part for Facebook Inc.: turning its 12-page white paper into a legitimate cryptocurrency in the face of deep skepticism from central banks, regulators and politicians of all stripes.David Marcus, the Facebook executive leading its blockchain efforts, spent much of his time at congressional hearings this week apologizing for the past mistakes of his employer. When he wasn’t defending Facebook, Marcus tried to explain how Libra -- the proposed currency -- would actually work. He said repeatedly that he wants to work with Congress and regulators to get Libra off the ground, and has no plans to debut the new currency before regulatory bodies are satisfied.“Nothing is launched and nothing will launch until all concerns are addressed,” Marcus said Wednesday. He reiterated a version of that promise over and over during more than six hours of testimony in Washington this week before members of the House Financial Services Committee and the Senate Banking Committee.Still, large existential questions remain about the project, including who or what will be regulating Libra. Marcus said it was not his place to decide who Libra’s regulator would be, though he appeared to reject the idea that Facebook should be treated like a bank. Marcus denied that the company would offer banking services, and also argued that he doesn’t believe Libra is a security that should fall under the Securities and Exchange Commission.Those issues are unlikely to be resolved soon, since the Libra currency doesn’t yet exist; and the Libra Association, the governing body made up of Facebook and other institutional partners that will be charged with overseeing the currency, has yet to be fully formed.The 28 companies that currently make up the association have not yet drafted a charter, and still must appoint a board and a general manager. Libra will also face additional concerns from international regulators and lawmakers, which could further delay its progress.In the meantime, two people familiar with Facebook’s cryptocurrency plans say the hearings did not give the company any immediate reason to change course.The people, who asked not to be identified because the planning is private, also said that Facebook’s team hoped that other members of the Libra Association would be more active in conversations with the media and with regulators. Of the group’s 28 “founding” members, including PayPal Holdings Inc., Visa Inc. and Uber Technologies Inc., Facebook is the only one that testified before Congress, and is by far the company most closely associated with the effort.Over the course of the hearings, a few central questions emerged. Here’s what we know now about how Facebook and the Libra Association will try to answer them in the coming months.1\. What is Libra, exactly?The coin’s legal classification remains murky, which could pose challenges for federal watchdogs eager to slide the token into the U.S.’s existing regulatory regime.Some observers have argued that Libra resembles a mutual fund or exchange-traded fund that is based on an index, an investment that would be regulated by the SEC. Labeling Libra a similar product could provide policy makers the hook they need to police the coin, while also giving regulators a mechanism to slow the project down as Facebook goes through a lengthy SEC approval process.At Wednesday’s hearing, Marcus insisted the coin is a just “payment tool” or maybe a commodity that shouldn’t be subject to the SEC’s rules.2\. Is Facebook getting into banking?Marcus went to great lengths in his Senate and House testimony to insist that the company was not. There won’t be bank accounts; holders of Libra won’t be earning interest; and Facebook won’t be taking deposits, he told lawmakers.“It’s like digital cash,” Marcus said. One reason Facebook wants to stay away from these activities is that they would require a federal banking charter. That would open the company up to much stricter oversight, likely by the Office of the Comptroller of the Currency and the Federal Reserve. The company would face many new, costly regulatory requirements like capital standards and stepped-up disclosures. It would also be subject to monitoring by government examiners.3\. Why is the Libra Association headquartered in Switzerland?This was a very popular question from members of both the House and Senate. Lawmakers raised concerns that Facebook set up the Libra Association in Switzerland to avoid U.S. regulations. Marcus said that was not the case, and said that the location of Libra’s headquarters had “nothing to do with us evading our responsibilities.”Marcus said that Switzerland offered Libra an “international platform” so that it would be recognized globally, and noted that Switzerland is home to other global institutions, like the World Trade Organization.4\. How will Facebook make money from this?In the short term, Marcus says Libra will improve Facebook’s advertising business by increasing the amount of commerce that happens through Facebook’s products. If more people have digital wallets, they may be more likely to make purchases through Facebook or its other properties, like Instagram or Messenger. That, Marcus says, makes Facebook’s ads more valuable because it gives marketers more incentive to reach users with money at their disposal.Marcus also said that it’s possible Facebook could one day offer financial services, including, potentially, loans, but that those products would be done through partnerships with an existing bank, allowing the company to avoid opening a bank of its own.5\. What, if anything, can Congress actually do to stop Libra?While both chambers of Congress are clearly concerned, whether or not they will pass any legislation that would affect the project is less clear. House Financial Services Committee Chairwoman Maxine Waters, a California Democrat, discussed a bill that would bar large tech platforms from being financial institutions -- possibly blocking Libra -- though it’s unclear how much support such a proposal would garner.Other lawmakers discussed creating a regulator just for digital currencies or using broader data privacy legislation to address Libra. But so far, there’s no consensus on a resolution. As Congress nears its August recess, it’s unlikely any of those issues will be addressed quickly.\--With assistance from Austin Weinstein, Ben Bain and Robert Schmidt.To contact the reporters on this story: Kurt Wagner in San Francisco at firstname.lastname@example.org;Julie Verhage in New York at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Anne VanderMey, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Visa Inc. today announced that on July 15, 2019, its Board of Directors declared a quarterly cash dividend of $0.25 per share of class A common stock , payable on September 3, 2019, to all holders of record as of August 16, 2019.
T. Rowe Price saw 14 of its U.S. stock mutual funds outperform the S&P; 500\. Are you invested in any of them?
While Facebook set the middle of 2020 as the Libra Cryptocurrency's launch date, many people think that the deadline might be too aggressive.
Yesterday, Facebook’s (FB) David Marcus, head of Facebook’s Calibra wallet, visited Capitol Hill to testify in front of the Senate Banking Committee.
On July 23, Visa (V) is scheduled to report its third-quarter earnings for the quarter ending June 30. Analysts expect Visa’s third-quarter revenues to be $5,699 million.
Considering the growing need for cloud-based applications and software, Accenture's (ACN) investment in this space should propel long-term growth.
Visa (NYSE:V) today announced it has acquired Payworks, a Munich-based provider of next-generation payment gateway software for the Point of Sale (POS). Visa will bring Payworks’ cloud-based solution for in-store payment processing together with its CyberSource digital payment management platform to create a fully integrated payment acceptance solution for merchants and acquirers.
As Facebook Inc. swims in criticism over its new efforts in cryptocurrency, the stalwarts of payments continue to thrive. Visa Inc. shares hit a new all-time high last week, and the card company will be looking to show that it remains on the cutting edge of digital payments when it reports earnings next Tuesday afternoon.
(Bloomberg) -- Visa Inc. has become the latest investor in ride-hailing giant Go-Jek as the two companies push digital payments across Southeast Asia.The world’s biggest payments network has invested an undisclosed amount in Go-Jek as part of the Indonesian company’s ongoing series F fundraising round, the two companies said Wednesday. The move follows Go-Jek’s announcement this month it had secured funding from Thailand’s Siam Commercial Bank Plc, Mitsubishi Motors Corp., Mitsubishi Corp. and Mitsubishi UFJ Lease & Finance Co. The terms of that deal were also not disclosed.Go-Jek, which debuted its app for hailing motorbike taxis in Jakarta in 2015, is expanding beyond Indonesia to cater to consumers across Southeast Asia, building an all-purpose consumer app similar to Tencent Holdings Ltd.’s WeChat in China. It’s valued at $10 billion according to CB Insights, and hosts more than 20 on-demand services on its platform from food delivery to digital payments.The two companies have “a shared goal to bring formal financial services to the unbanked and underserved, including micro, small and medium businesses,” Visa Regional President Asia Pacific Chris Clark said in a statement. “We will explore ways to leverage the power of Go-Jek and Visa’s networks to expand financial access in Southeast Asia.”Visa and Mastercard Inc. have teamed up with mobile startups in Southeast Asia in recent years, where the vast majority of transactions are still cash-based and the pace of adoption of digital payments is slow. Mastercard has partnered with Go-Jek rival Grab, while Visa has announced a partnership with gaming accessories maker Razer Inc.To contact the reporter on this story: Yoolim Lee in Singapore at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
SINGAPORE, July 17, 2019 /PRNewswire/ -- Visa, the world's leading digital payments technology company has invested in GOJEK, Southeast Asia's leading mobile on-demand service and payments platform, as part of the latter's ongoing Series F fundraising round. The two companies will work together to provide greater options for cashless payments and more seamless experiences for consumers across Indonesia and Southeast Asia. With GO-PAY's position as Indonesia's market leader in digital payments and financial inclusion, this round of funding will support the acceleration of GOJEK's payment services across Southeast Asia.
Shares of global payments giant Visa (NYSE:V) have been on fire in 2019, rising 35% through the first six months of 2019 to fresh all-time highs. The catalyst? Broadly favorable macroeconomic and market conditions, which have simultaneously supported continued healthy consumer spending trends and a richer valuation for Visa.Source: Shutterstock In the long run, Visa stock is a winner. The global payments world continues to pivot away from cash payments to card payments. This trend will persist for the foreseeable future. In developed economies, cash usage is still relatively high, giving ample room for further card payment volume growth. Meanwhile, in developing economies, the rapid urbanization and expansion of consumer middle classes will support bigger card payment volume growth.Visa is the biggest card payment player in the world. Given the card payments space continues to grow at a healthy pace over the next several years, so will Visa's revenues, profits, and Visa stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, that does not mean Visa stock is the best buy here and now.Visa stock has come a long way, very fast in 2019, and the present valuation on the stock looks slightly overextended. To be sure, low interest rates today support this slightly extended valuation. But, if and when rates do creep higher, that will pressure Visa's valuation.The investment implication? While Visa stock is a long-term winner, this victory is not worthy of paying $180 per share of V stock. Investors should rather wait for this red-hot winner to cool off, and consider buying the stock on the next dip. Visa Stock Is a Long-Term WinnerZooming out, the big picture trends supporting Visa stock are exceptionally favorable, and possess a high degree of visibility. This combination of high visibility and big growth ultimately pave a very tangible pathway for Visa stock to climb higher in the long run.Globally, consumers are pivoting away from cash transactions to non-cash transactions, because non-cash transactions are more convenient and more levered to digital shopping. Global non-cash transaction volume has risen at a steady 10%-plus clip over the past several years.This trend will persist. Cash usage is still relatively high in developed economies, despite the fact that cash is a less convenient and relevant payment method than card. Card penetration rates in developing economies are still low, and will continue to rise at a rapid pace as those developing economies urbanize and digitize. That's why global non-cash payments volume is expected to grow at a steady 10%-plus pace for the next several years, while emerging market non-cash payments volume is expected to grow at a 20%-plus pace.Visa is at the heart of this gloval global cards payment pivot. Excluding China, Visa controls 50% of the global card payments market. The company has consistently rattled off high single digit or better volume, transaction, and revenue growth over the past several quarters. As the global card payments market continues to expand, Visa's volume, transaction and revenue growth rates will continue to run, at least, at a high single digit. At the same time, margins will gradually expand with scale, and profit growth will be robust.By that time, Visa projects big profit growth. That growth will ultimately drive Visa stock higher in a multi-year window. The Valuation Today Is RichAlthough Visa stock is a long-term winner, the price tag on Visa stock today seems a bit rich, and may not produce the best multi-year returns.Visa reasonably projects as a high single digit revenue grower over the next several years. Margins also reasonably project to keep marching higher at ~100 basis points or less per year. Including buybacks, Visa's EPS growth should run around 10%-15% over the next several years. At that growth rate, Visa's EPS will settle around $11 by 2025. Based on a historically average 25 forward multiple and 10% discount rate, that equates to a fundamentally supported 2019 price target for Visa stock of roughly $170.Thus, at $180 mid-way through 2019, Visa stock seems slightly overvalued.To be sure, this slight overvaluation is supported by a low interest rate environment. As long as rates remain low, this slight overvaluation in Visa stock will hang around. But, if rates creep higher, that will pressure Visa's valuation, and ultimately drag on Visa stock. Bottom Line on V StockOverall, Visa stock is a winner. But, in the near term, low rates seem to have inflated the valuation on Visa stock to artificially high levels. It is a "tread with caution" situation. I would not be a buyer until the presently stretched valuation comes down to more reasonable levels.As of this writing, Luke Lango did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post Visa Stock Is a Winner, But Beware Valuation Risks appeared first on InvestorPlace.
The Dow Jones Industrial Average may be a fundamentally flawed index in terms of how it's weighted -- choosing to use price rather than the market cap -- but in terms of what companies are in the index, the Dow Jones can't be beat. Dow Jones stocks represent the "Bedrock of America" and some of the most important companies on the planet. There's a reason why financial media still quotes the close and movements of the Dow Jones Industrial Average.However, some of the thirty Dow Jones stocks are better than others. This is especially true when looking at what names will still be in the index down the road and continuing to lead in the world of business.Some Dow stocks feature very forward-looking businesses models and operations. It's these firms that will still be alive and kicking far into the future. And it's here that investors can score on some future potential and the gains and dividends that come with it. In the end, while the Dow is still important, but some stocks within the index are just better than others.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Monthly Dividend Stocks to Buy to Pay the Bills With all of that said, you might be wondering: Which Dow Jones stocks have the best long-term potential? Here are three of the best stocks to buy from the index. Visa (V)Source: Shutterstock When it comes to long-term bets with the Dow Jones stocks, Visa (NYSE:V) has to be at the top of the list. The firm is one of the biggest plays on the continued shift toward a cashless society. And as one of the oldest and largest names in the space, V continues to dominate as we reach for plastic rather than cash.The reason is Visa's business model. The firm functions as a toll-road and collects fees from merchants, banks and other institutions every time someone uses a credit or debit card. V simply operates a secured payment network and moves money from one account to another. So, despite having a Visa logo on your credit card, V itself isn't issuing credit or lending you money.This middleman position is incredibly important for the future. More transactions continue to hit Visa's network. Over the first three months of the year, Visa processed more than 47 billion transactions. This was a 9% year-over-year jump and it's only growing further. With online commerce and fewer people using cash, Visa will be the dominant force going forward. The firm also continues to make inroads into additional services to keep upstarts like PayPal (NASDAQ:PYPL) at bay.The best part of all of this is that V features very fat margins and amazing cash flow growth. More transactions on its network simply mean bigger profits for the firm. And it continues to share those profits with its investors -- growing its dividend by 850% over the last decade.The future cashless society will run on Visa. That fact makes one of the best Dow stocks to buy for the long haul. Disney (DIS)Source: Shutterstock Let's be honest, as long people have children, Disney (NYSE:DIS) is going to be making money hand over fist. And lately, DIS has plenty of reasons to underscore that fact.For one thing, its buyout of 21st Century Fox created a media powerhouse. This brought many major movie and T.V. franchises under one roof. And if anybody can monetize that content through a variety of channels, it's Disney. And one of those ways will be its new streaming services.Disney has already begun pulling its shows and movies from rival streaming services in order to make them exclusives to its new Disney+ service. That's big because the vast of streaming is kids programming. With the complete Disney, Lucasfilm, Marvel and Pixar movie libraries as plenty of its original programming content from the Disney Channel, Disney+ will be the go-to channel for parents looking for entertainment.When you combine with the firm's new moves in its park and recreation divisions -- such as Star War's Galaxy Edge -- as well as continued movie development from its studios, there's a lot to like about DIS stock for the long haul. And we've already begun to see those results. Just take a look at Disney's record second-quarter earnings. Those great results don't even take into account streaming yet. * 7 ETFs With Oodles of Diversification For investors, DIS stock is a perfect blend of growth for the long haul. Cisco (CSCO)Source: Shutterstock These days, that famous scene in The Graduate wouldn't be about plastics, but about the cloud. Cloud computing, networking, the app economy continues to reshape how businesses and consumers do, well, everything. Which is why Dow Jones stock, Cisco (NASDAQ:CSCO) continues to be an amazing long-term pick.CSCO's bread-n-butter remains networking and communications equipment. It still builds all the switches routers, modems and other guts needed to make modern data centers and the internet/cloud computing function. This isn't a bad business to be in as data center demand continues to grow. Analysts at Jones Lang LaSalle estimate that data center demand will double by 2021 as cloud adoption grows. That will send plenty of money Cisco's way.But the ace up Cisco's sleeve has to be its newfound focus on services and software.The firm now offers plenty of tangential products designed to go along with networking. They can not only build you a network but secure it, offer data analytics and other similar products to look after this equipment. These services often come with long subscription times and very fat margins. It's here, that CSCO has quickly become a cash cow and one of the best dividend stocks in the technology sector.Its approach on both equipment and services sales, coupled with rising overall data center demand, CSCO has the goods to keep growing far into the future.As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 3 Dow Jones Stocks to Buy for the Next Decade appeared first on InvestorPlace.