133.00 -0.37 (-0.28%)
After hours: 5:37PM EST
|Bid||133.08 x 1000|
|Ask||0.00 x 900|
|Day's Range||129.54 - 134.53|
|52 Week Range||106.60 - 151.56|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||30.15|
|Forward Dividend & Yield||1.00 (0.71%)|
|1y Target Est||N/A|
The 393-point tumble in Dow Jones Industrial Average futures prices is unanimous, as all 30 Dow components are trading lower in the premarket. The biggest decliner is Boeing Co.'s stock , which fell 4.7% to put it on track to open at the lowest level since Jan. 5. The next biggest loser is Apple Inc.'s stock , which tumbled 3.9% toward a 6 1/2-month low, putting it on track to open in bear-market territory. Among other big decliners, shares of Visa Inc. shed 3.3%, Nike Inc. lost 2.8%, Microsoft Corp fell 2.9% and Home Depot Inc. gave up 2.9%.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed over the past few years. However, hedge funds are generally partially hedged and […]
Jim Cramer advises callers' on their favorite stocks at lightning speed, including a retail play under pressure.
The Brazilian Administrative Council for Economic Defense, or CADE, is also probing that nation’s Elo network, Visa said Friday in an annual regulatory filing. At issue is a network rule that requires a merchant’s bank to receive certain information from payment facilitators, Visa said. Visa said it is cooperating with CADE, which started its investigation on Oct. 15.
Visa Inc is a payments technology company working to enable consumers, businesses, banks and governments to use fast, secure and reliable digital currency. The dividend yield of Visa Inc stocks is 0.63%. Visa Inc had annual average EBITDA growth of 22.30% over the past ten years.
Both companies did not disclose the terms of the deal, but the local media had reported a few months ago that Visa was looking to invest close to $250 million in BillDesk, valuing the company at around $1.5 billion-$2 billion. The investment follows comments from India's finance minister last week that Visa and rival Mastercard were losing market share to domestic payments networks. Earlier, Mastercard had complained to the U.S. government that Prime Minister Narendra Modi was using nationalism to promote a local rival.
Contactless cards have been slow to take off in the U.S., but an endorsement from the largest domestic issuer may help speed up adoption.
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Barclays analyst Ramsey El-Assal labeled PayPal Holdings Inc. his top pick in payments and processing late Wednesday in initiating coverage of the category. "PayPal remains a scarce asset levered to most dynamic parts of the payments industry," wrote El-Assal, who began coverage of the stock with an overweight rating and $110 price target. He sees PayPal shares as attractive given that the company has a market capitalization of roughly $100 billion but is growing organic revenue by about 20%. El-Assal wrote that PayPal has significant exposure to "tech-enabled" online channels as well as fast-growing international markets. He's also upbeat about opportunities from Venmo. "Given Venmo revenue historically has carried no profit, even modest uptake of monetization should have an outsized earnings impact," he said. El-Assal also assigned overweight ratings to shares of Visa Inc. , Mastercard Inc. , and Square Inc. , among other payments names. PayPal's stock ended Wednesday's regular session up 0.3% and was up 0.4% in after-hours trading. The S&P 500 dropped 0.8% on Wednesday.
Now, JPMorgan Chase & Co. wants them to tap at checkout instead. JPMorgan isn’t the first U.S. bank to issue such cards, but its move could be a tipping point for the rest of the industry to follow suit. The bank is among the biggest U.S. credit-card issuers by purchase volume, and it plans to add the feature to all its Visa Inc. credit cards and debit cards.
Euronet Worldwide is the IBD Stock Of The Day, as the payments company works on a flat base and finds support at the 50-day moving average.
British consumers reined in spending last month, payments company Visa said on Tuesday, adding to signs that the economy is on track for slower growth in the final months of this year. Consumer spending fell by 0.2 percent year-on-year in October, the first drop in three months, after a 0.2 percent rise in September, Visa said, based on inflation-adjusted usage data of its debit, credit and prepaid cards. "No doubt this disappointing reading will cause some concern for high street retailers as we head into the key Christmas shopping period," Visa economist Adolfo Laurenti said.
The revolution in payment methods lags on the business-to-business side, opening a $1 trillion opportunity for payment stocks like Visa, Mastercard and PayPal.
Rewards you’re getting at the store are coming at a high price. Yahoo Finance’s Alexis Christoforous, Julia La Roche and Scott Gamm discuss.
Are student loans as taboo as you think? According to a new study, the answer is no. With more motivation to finish school quicker, students are earning better grades and graduating sooner. Yahoo Finance's Adam Shapiro, Seana Smith, Dan Roberts, and Randy Frederick, Vice President of trading and derivatives at the Schwab Center for Financial Research, discuss.
When looking at the future of jobs and the fast-paced development of new technology, some people predict that robots and artificial intelligence will play a large role in the professional world. Yahoo Finance's Julie Hyman and Dan Roberts are joined by George Pearkes, investment macro strategist at Bespoke, to speak with Kass Dawson, Chief Marketing Officer at Softbank Robotics and Pepper the robot.
Jason Ware, Albion Financial Group, and Chris Zaccarelli, Independent Advisor Alliance, discuss how investors should position their portfolios during volatile times.