|Bid||209.37 x 900|
|Ask||209.39 x 900|
|Day's Range||207.44 - 210.14|
|52 Week Range||144.42 - 214.17|
|Beta (5Y Monthly)||0.91|
|PE Ratio (TTM)||38.23|
|Forward Dividend & Yield||1.20 (0.56%)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||N/A|
DOW UPDATE Dragged down by losses for shares of Microsoft and Chevron, the Dow Jones Industrial Average is down Friday morning. Shares of Microsoft (MSFT) and Chevron (CVX) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 258 points lower (-0.
One of the best tools for ordinary investors who are on the hunt for new ideas is 13F filings. Once every quarter, hedge funds with at least $100 million in total positions in publicly traded US stocks are required to disclose the number of shares and the total value of its positions in each of […]
Visa (V) is trading near record heights; in the last year, the stock is up 47%. This is even more impressive when you consider Visa is a six-decade-old company, a time when many companies enter the mature phase that is categorized by slower growth, asserts Todd Shaver, editor of BullMarket Report.
Goldman Sachs analysts believe there’s still upside in tech stocks, even if other observers compare the current moment to the bursting of the dot-com bubble two decades ago.
WASHINGTON/NEW YORK, Feb 13 (Reuters) - JPMorgan Chase & Co has told financial technology companies that they will be barred from accessing its customer information by July 30 if they do not sign data access agreements with the bank and agree to a plan to stop using customer passwords to gather the data. The largest U.S. bank by assets set the new deadline in a letter sent to the companies in late January, in which it also said they must agree a "concrete plan" to transition to a new method of collecting customer data, according to two people familiar with the matter. A JPMorgan spokesman confirmed the contents of the letter and said the company already has agreements with more than 95 percent of companies that request data access.
(Bloomberg) -- BP Plc’s ambitious plan to go green is winning accolades from at least one high-profile investor.ValueAct Capital Management started building a position in BP after an “inspired” presentation Wednesday from the energy giant’s new boss about his plans to eliminate almost all its carbon emissions, according to ValueAct Chairman Jeff Ubben.The bet is on BP Chief Executive Officer Bernard Looney’s vision for the oil and gas company, which goes far beyond any of its peers, Ubben said in an interview. While Ubben had been studying the company for a while, he was inspired to buy shares during Looney’s pledge to cut greenhouse gas emissions from operations and production to net zero within 30 years.“I just started buying while I was watching,” Ubben said. “Someone needs to stand up and reward these guys.”The investment was made through the $1 billion ValueAct Spring Fund, which is focused on social and environmental investing, Ubben said. BP’s strategy is exactly the sort of investment the fund is looking for, he said. He didn’t disclose the size of his stake.While peers including Royal Dutch Shell Plc, Total SA and Equinor ASA have responded to investor pressure by adopting targets for emissions curbs, none has promised to zero them out like BP.It highlights the perils of investing in companies with so-called environmental, social and governance agendas, Ubben said.“ESG is total crap,” Ubben said, noting that the five most owned stocks in ESG funds are Microsoft Corp., Alphabet Inc., Visa Inc., Apple Inc. and Cisco Systems Inc.. “It is worse than greenwashing, since these investors ignore the externalities of Google mining your privacy; Visa earning monopoly rents on the back of small business; and Apple’s extractive business model of selling you a new phone full of mined materials as often as possible.”He said to actually have an impact, investors have to get involved with the companies where their core business deals directly with the biggest problems of the day, which he said is climate change. To that end, he said the ValueAct Spring Fund has joined the board of power producer AES Corp. to help facilitate its move away from fossil fuels and the private board of Nikola Corp.Representatives for Apple, Visa, and Alphabet weren’t immediately available for comment.ValueAct on Wednesday also was granted a seat on the board of Hawaiian Electric Industries Inc. Eva Zlotnicka, managing director of the Spring Fund, will join the board and also sit on its compensation committee.ValueAct, which owns a 1.5% stake in the utility, had urged Hawaiian Electric to look externally for a successor to CEO Constance Lau in a November letter to stakeholders, arguing it needed a shift in corporate culture. ValueAct also raised concerns that the company wouldn’t reach its renewable targets.“As an island economy, sustainability is must,” Ubben said. “It is an inspired place, with legislative and regulatory leadership that wants to reward innovation. Hawaiian Electric management and board have taken on the challenge to move faster off of base-load oil.”The San Francisco-based hedge fund disclosed its original stake in Hawaiian Electric in October 2018 through the Spring Fund. Total shareholder returns since ValueAct disclosed its position have been about 38%, according to data compiled by Bloomberg.Last month, Ubben, the founder of ValueAct, was replaced as CEO of the activist firm by Mason Morfit. Ubben remains chairman and will continue to help run the Spring Fund.\--With assistance from Laura Hurst.To contact the reporter on this story: Scott Deveau in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Visa Inc. gained as much as 2.1%, the most since mid-January, after hosting its first investor day in three years on Tuesday. Analysts pointed to strong growth trends and new ways to boost consumer payment flows.Here’s a sample of the latest commentary:Morgan Stanley, James FaucetteThe investor day “should help quell concerns from potential investors over disruption risk, as Visa showed its integral role in perpetuating industry growth, including for fintechs, banks and acquirers,” Faucette wrote in a note.“The consumer payments runway looks robust,” he added, with long-term “opportunity to monetize other payment flows.” Visa has also “cemented its position as a key promoter of faster digital payments by highlighting its work with transit systems, remittance companies.” At the same time, Faucette said there may be some “noise” ahead from foreign exchange and volumes growth in China. He rates the stock overweight with a price target of $240.Bernstein, Harshita RawatIn comparison to Visa’s last investor day three years ago, there was an “immense focus on, granularity of strategy and visible progress towards the next leg of growth – expansion into new flows,” Rawat wrote in a note.She added that Visa “hammered home the secular growth opportunity in consumer-to-business payments with interesting spotlights on battleground areas such as emerging markets (e.g., India) and cash-heavy developed markets (e.g., Germany, Japan).” And contactless and e-commerce remain “powerful catalysts for cash digitization,” she said.Bernstein remains bullish on Visa and believes the “investor day will start to change the narrative on slower growth versus Mastercard.”KBW, Sanjay Sakhrani“The company did a solid job making the case that the growth story remains strong and the future is as bright as the past,” Sakhrani wrote in a note. The steps Visa is taking to be “more accessible (via partnerships), robust (via the network of network strategy) and deeper (through value-added services) is a formula that will yield significant returns,” he added.Sakhrani still sees Visa as a “compelling long-term growth story” and reiterated his outperform rating and $245 price target.Nomura Instinet, Bill CarcacheCarcache believes Visa’s “three-pronged strategy positions it to sustain double-digit revenue growth and mid-teens EPS growth for years to come.”At the same time, he added that the company’s investments are likely to keep expense growth elevated in the near-term. He reiterated his buy rating on the shares.UBS, Eric Wasserstrom“The central theme of Visa’s investor day was that, by virtue of its pivot to become a network-of-networks, it is evolving from a consumer payments company to a broader money movement ecosystem,” Wasserstrom wrote.That pivot may extend Visa’s “relevance into several new payment flows – opening significant new TAM – and the financial implication is that Visa should sustain low double digit revenue growth longer term,” he said. The investor day affirmed Wasserstrom’s “focus on the opportunities from new flows,” but didn’t alter his current financial forecasts.To contact the reporter on this story: Felice Maranz in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Steven Fromm, Scott SchnipperFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Health officials are cautiously optimistic that the slowdown over the last two days in the number of newly confirmed cases of COVID-19, the novel coronavirus that was first identified in late 2019 in Wuhan, China, may indicate that the virus is contained.
The Dow Jones Industrial Average, conceived by Charles Dow in 1896 to serve as the market's benchmark, nowadays also serves as a can't-miss index for income investors. Especially if you're looking for dividend growth stocks.The Dow consists of 30 large-cap U.S. businesses that are meant to reflect America's economy. Its constituents include many iconic companies, including Exxon Mobil (XOM) and Coca-Cola (KO). Impressively, all 30 stocks pay dividends.Several of these companies can be found in Simply Safe Dividends' best high dividend stocks list. But high current yield isn't the only dividend metric you should look at. Dividend increases, for instance, can not only lead to higher yields later down the road, but also act as a signal helping you to identify companies with rising profits and a sturdy balance sheet.Let's review nine of the best Dow Jones dividend growth stocks. These companies appear to be the best equipped to continue rewarding their shareholders with safe and fast-growing dividends for years to come. SEE ALSO: 64 Dividend Stocks You Can Count On in 2020
DOW UPDATE Shares of Microsoft and Boeing are posting strong returns Monday afternoon, lifting the Dow Jones Industrial Average into positive territory. Shares of Microsoft (MSFT) and Boeing (BA) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 148 points higher (0.
DOW UPDATE Shares of Boeing and Walgreens Boots are trading higher Monday morning, propelling the Dow Jones Industrial Average into positive territory. The Dow (DJIA) was most recently trading 75 points, or 0.
While Square (NYSE:SQ) has ushered in a revolution of cashless payments, investors aren't giving it the credit it deserves. Sure, SQ stock's 2020 performance is nothing short of eye-opening, attracting a near-25% gain year-to-date. But shares still sit more than 20% below their highs from October 2018.Source: Jonathan Weiss / Shutterstock.com I expect the rally to continue once more investors recognize its opportunity. When that happens, Square will return to $100-plus for good.Square's opportunity in payments simply is too large for SQ to keep lagging other stocks in its sector. With new markets only adding to the company's potential, Square should have not just years, but decades, of growth ahead.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEven though SQ stock isn't cheap, that kind of growth simply isn't priced in. The Opportunity in PaymentsSquare's simple dongle revolutionized payments by turning any smartphone into a credit card swipe. The company, of course, has come a long way since then.Square has expanded into ever-improved point of sale systems that improve the experience for both the customer and the retailer. Its software offerings go well beyond payments to payroll, accounting and appointment scheduling. * 7 'A'-Rated Stocks Under $5 to Buy Now Everything a small business might need, Square now offers. And the company doesn't just serve small businesses anymore. Sellers with over $500,000 in annual revenue now drive over one-quarter of the company's total payment volume.Again, the world is going to become cashless. I personally use cash maybe once a month, if that -- and I know I'm not alone. Square is a big part of the disruption in how American consumers pay for goods and services -- and will benefit from that disruption going forward.More and more small businesses will drive their payments through Square's point-of-sale (POS) systems. Growth in online sales, too, will add to payment volume -- and Square revenue. And the company has barely cracked the international market: overseas revenue was barely 5% of the company's total in the first nine months of 2019.To top it off, Square Cash is seeing increasing adoption. That product seems to be outperforming PayPal's (NASDAQ:PYPL) Venmo. Square still isn't getting much revenue from Square Cash -- but with billions of dollars in transfers annually, it will. Additional Growth DriversOf course, Square has two key growth drivers beyond payments and Square Cash. The company has been forward-thinking in cryptocurrency, becoming one of the first payment companies to process bitcoin transactions. That's now a big business for Square: bitcoin revenue nearly tripled in the first three quarters of 2019, and totaled nearly $340 million.That makes SQ stock an intriguing play on Bitcoin. And as I've written on this site, I believe the price of Bitcoin will soar, potentially to as high as $100,000. The coming "halvening" should be a huge upside catalyst for the price. Square, more so than any publicly traded payments company, should profit.Square stock offers exposure to another significant trend: cannabidiol, more commonly referred to as CBD. The company launched its CBD offering last year, providing an all-in-one solution for sellers targeting that potentially enormous market.Admittedly, CBD sales have been somewhat disappointing of late, largely due to unclear guidance from the U.S. Food and Drug Administration. But CBD will be a large and fast-growing market. Square should be at the forefront of that growth. Why SQ Stock Should Catch UpSquare simply has multiple opportunities to drive growth for years to come. Yet, again, that's done little for SQ stock. It's lagged for nearly 18 months now -- while other payment stocks have soared.Both Visa (NYSE:V) and Mastercard (NYSE:MA) trade near all-time highs. Each stock has gained more than 40% over the past twelve months. PYPL stock is tracking new highs. Small business play Shopify (NYSE:SHOP) has been perhaps the market's best stock in recent years.Even with its YTD run, however, SQ stock is well below its past highs. Admittedly, the stock doesn't look cheap. But a stock with this kind of opportunity simply shouldn't be cheap. Meanwhile, upfront expenses to market to new customers and develop new offerings for existing customers are pressuring near-term earnings.Once investors better understand the opportunity Square has, and look to the long-term earnings potential, SQ stock should rally. Considering the optimism toward the sector, there's no reason why SQ, too, can't reach all-time highs. That suggests another 25% upside from here -- and a stock price in the triple digits for good.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post For Square, 25% Upside Is Achievable in a Cashless Future appeared first on InvestorPlace.
For actress Lupita Nyong’o, winning an Oscar for “12 Years a Slave” back in 2014 set her on a very different career path and changed her relationship with money.
Research has repeatedly shown that businesses who aim to create an inclusive work environment by nurturing and developing diverse talent outperform businesses that do not. This session will look at how senior leaders can set this tone from the top to facilitate positive change within their organizations and beyond. This panel of influential senior leaders will be sharing innovative approaches to workplace inclusion, as well as their own personal experiences of the impact of successful initiatives.