139.15 +0.03 (0.02%)
After hours: 7:08PM EDT
|Bid||0.00 x 800|
|Ask||141.00 x 1800|
|Day's Range||135.59 - 140.04|
|52 Week Range||106.60 - 151.56|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||33.96|
|Earnings Date||Oct 24, 2018|
|Forward Dividend & Yield||1.00 (0.71%)|
|1y Target Est||164.65|
Microsoft, Boeing, and AMD will among the major companies scheduled to report earnings on Wednesday as investors search for direction amid another volatile day for the stock market.
A healthy job market and a steady hike in wages have increased the spending power of consumers. According to the U.S. Bureau of Labor Statistics, the unemployment rate declined 20 basis points in September to 3.7%, the lowest level since December 1969. An improving GDP growth rate is creating a favorable business environment for Mastercard. In the second quarter, the US GDP grew 4.2%, almost double the 2.2% increase registered in the first quarter. This growth rate was the highest since the third quarter of 2014.
Mastercard (MA) is scheduled to report its third-quarter 2018 results on October 30. Analysts project a substantial YoY (year-over-year) increase in the company’s top-line and bottom-line results. Its improved expectations are primarily driven by the strong economy, higher payments volume, and elevated spending. The improvement could be partially offset by a strong dollar and ongoing trade war concerns.
Travelers' shares should be higher, and Visa's dividend should be, too. Plus, Dan Loeb thinks he knows how to cure what ails Campbell Soup.
At current market prices, Visa (V) trades at a premium valuation to most of its peers (IPAY), with the exception of Mastercard (MA) and PayPal (PYPL).
Visa (NYSE:V) today announced a continued commitment to reducing friction and improving security in digital commerce by reiterating support of the draft EMV® Secure Remote Commerce (SRC) Specification. The draft EMV SRC Specification provides a foundation for digital transactions that gives consumers, merchants and issuers a single digital point-of-sale, resulting in a consistent, convenient and secure way to pay. EMVCo has spent the last year gathering feedback from across the payment ecosystem on the specification.
Visa (NYSE:V) today announced a strategic minority investment in Conductor, a leading digital payments processing technology platform in Brazil, to help accelerate innovation in payments and enable Conductor’s product expansion. The investment reinforces the existing partnership between Visa and Conductor, as well as the companies’ shared vision for driving adoption of digital payments across e-commerce and mobile commerce in Brazil.
Visa’s (V) fourth-quarter results are expected to benefit from the growing global trend of cashless transactions. The decreased cost of digital payment acceptance is another factor that has led to its rapid adoption, fueling Visa’s growth. According to Statista, the total global digital payments transaction value is expected to reach ~$5.41 trillion in 2022 from ~$2.75 trillion in 2017.
Payment modes are shifting rapidly from cash to digital due to continuously evolving digital technology, increasing online transactions, and competitive forces. With its sustained focus on technological innovations, Visa (V) is well-positioned to continue leading this digital transformation. Visa has invested billions of dollars in its technology transformation initiatives in the last several years.
The stock market has had a mini correction of late similar to the one we had in February. Bank stocks have not been able to rally this year but transacting companies like Visa (NYSE:V) are doing better. Visa stock is up 20% year-to-date and MasterCard(NYSE:MA) is up 33%.