|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||139.92 - 141.47|
|52 Week Range||93.19 - 141.47|
|PE Ratio (TTM)||35.67|
|Forward Dividend & Yield||0.84 (0.60%)|
|1y Target Est||N/A|
Visa Inc.'s ( V) stock has been hot over the past year rising by over 43%, easily outpacing the S&P 500 gain of 13.5%. Options traders are betting shares of the payment processor will continue to increase, perhaps by as much as another 7%, by the middle of August. Analysts are looking for the company to report earnings growth of over 26% for the quarter, on revenue growth of over 11%.
In the first quarter, Visa Inc.’s (V) strong results were supported by the positive global economic environment. Visa saw an 11.0% YoY (year-over-year) rise in debit spending on a constant dollar basis. Supportive parameters could help these payment companies witness a boost in their payment volumes.
Visa Inc. (V) ended the fiscal second quarter with net operating revenues of $5.1 billion, which implies a 13.0% YoY (year-over-year) increase. On a constant dollar basis, the company reported a YoY rise of 11.0% in its total payment volume in the fiscal second quarter. During the same period, the company’s YoY credit growth was 10.0% on a constant dollar basis.
Morgan Stanley has become the latest Wall Street brokerage to turn bullish on the financial technology sector. Morgan Stanley predicted that payment companies could grow earnings organically by an average of 15% through to 2020, up from the 11% growth registered by the sector over the past three years. Faucette believes that the overlooked fintech sector will also be lifted by “enhanced M&A potential” and an eventual rotation into stocks better equipped to compete in an uncertain economic environment.
“These are some of the best businesses there are,” Morgan Stanley said in upgrading the payments and processing industry to attractive.
A somewhat quiet turnaround for American Express (NYSE:AXP) has done wonders for American Express stock. American Express was up just 3.7% YTD before falling in after-hours trading after missing Street consensus for revenue in its Q2 results. To be sure, Q2 numbers look reasonably strong, and American Express stock remains rather cheap.
Investors panicked over rising rates. Consensus was that bank stocks cant rally! However for the last few days, some of them have caught a nice bid. The upside of falling bank stocks is that it created a strong value in almost all major financial institutions.
American Express gives, you get. On June 27, 2018, American Express benefited greatly from a Supreme Court ruling which stated that vendors can't nudge customers towards using one type of debit or credit card over another. American Express typically charges higher fees, making it in merchants' best interest to urge customers to use other cards.
Visa V has been on a tear this year, up 23 percent and leading the Dow. TradingAnalysis.com founder Todd Gordon is betting on a bigger rally for the stock when it reports earnings next week. Gordon told CNBC’s “Trading Nation ” on Tuesday that “there’s not much to dislike” about the chart of the credit card giant, referring specifically to what he describes as a “beautiful uptrend” for Visa that has been in place since February.
Now that second-quarter earnings season is in swing, we've already heard from a number of big banks, although with mixed reactions. On the payments side of financials, Oppenheimer's Glenn Greene takes a look at Mastercard (MA) and Visa (V) ahead of their reports, writing that he expects their robust run to continue. Greene reiterated an Outperform rating on both stocks Tuesday, and raised his price target on Mastercard to $215 from $197, and for Visa to $154 from $143.
Visa’s (NYSE:V) stock chart is almost boring to look at. Shares have been steadily climbing for several years now; there are little to no significant downtrends evident in the chart’s five-year view. And in 2018 thus far, V stock has gained over 22% — more than four times better than the broader market.
Man, do I wish I was a bigger fan of World Wrestling Entertainment (NYSE:WWE). Of course, that’s no guarantee that I would have caught any of the 265% rally in WWE stock over the past year, but it certainly would have helped.
Jim Cramer explains why the stocks of Mastercard and Visa have strong safeguards against the brewing U.S.-China trade conflict.
Visa Inc. and Mastercard Inc. are both putting money aside for impending settlements in a long-running merchant suit, but investors will see these preparations reflected very differently in the companies’ financials.
To receive further updates on this Square Inc (NYSE:SQ) trade as well as an alert when it’s time to take profits, sign up for a risk-free trial of SlingShot Trader today. Last week was a busy one for Square Inc (NYSE:SQ), as the company has withdrawn its bank-charter application with the Federal Deposit Insurance Corporation (FDIC).
Midterm elections are just four months away. At the recent MoneyShow Las Vegas, four leading investment experts — Keith Fitz-Gerald, Mike Larson, Mark Skousen and Louis Navellier — offered their top stock ideas that could perform well in any political environment. The midterm election to me is all about security.