|Bid||296.51 x 800|
|Ask||296.62 x 1300|
|Day's Range||291.50 - 296.96|
|52 Week Range||199.99 - 347.25|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||37.79|
|Earnings Date||Jul 28, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||1.60 (0.54%)|
|Ex-Dividend Date||Jul 08, 2020|
|1y Target Est||326.19|
Discover Financial Services (NYSE: DFS) is a credit card company, but it's also an online bank with about $112 billion in assets. Discover is a payment processor as well, but unlike Visa and Mastercard, it is also a lender, loaning money through its own bank.
Mastercard (MA) unveils schemes to benefit small businesses that have dearth of access to digital platforms and also suffered damages due to the pandemic.
Mastercard today announced a new partnership agreement with tonik, a two-year-old startup which recently received a bank license in the Philippines. Through this partnership, Mastercard will further enhance tonik's market proposition by enabling the latter to issue a range of electronic payments products that taps into Mastercard's global network and extensive business intelligence when tonik launches operationally later this year.
Mastercard Expands ShopOpenings.com to the U.S. & Canada, Delivering a Search Tool That Identifies What Stores Near You Are Open for Business
E-commerce has reached new heights around the world, as more consumers are going online to make secure, touch-free purchases across various merchants and platforms. Now, it’s more important than ever that the online checkout experience is seamless and consistent across all types of digital channels and cards. Today, American Express, Discover, Mastercard and Visa announced they are each beginning technical preparations for global expansion of the Click to Pay online checkout – based on the EMV® Secure Remote Commerce industry standard – in additional geographies including Australia, Brazil, Canada, Hong Kong, Ireland, Kuwait, Malaysia, Mexico, New Zealand, Qatar, Saudi Arabia, Singapore, United Arab Emirates and the United Kingdom, with others to follow.
MasterCard (MA) closed the most recent trading day at $299.91, moving -1.85% from the previous trading session.
MasterCard (MA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Surge in online payments amid the pandemic situation is likely to have boosted businesses for the payment stocks.
When investors think about e-commerce stocks, they often overlook Visa (NYSE: V) and Mastercard (NYSE: MA). Many online purchases are made with credit and debit cards, and Visa and Mastercard operate the two largest card processing networks in the world. Like an online toll road, Visa and Mastercard collect a small fee each time someone uses one of their cards to make an online transaction -- and the number of times this happens is soaring.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
Before the coronavirus pandemic swept the globe, the Amtrak Guest Rewards World Mastercard was a great deal for David White. White, who lives in Baltimore and works for a software firm, used to ride the train frequently — and with the credit card, he was able to rack up points that he could convert into free tickets. Adding to White’s frustration: The card comes with a $79 annual fee, and there aren’t many competitive options to redeem the rewards points for non-travel-related uses, he said.
This is the most enthusiasm I've ever seen in stock markets. Not from the size of the rally, but rather because the indices are setting all-time highs in the face of the toughest economic conditions ever. We still have 20 million people unemployed, if not more. Yet Wall Street is blindly buying tech ETFs in droves. The equity markets have already recovered in a "v" and more. The government aide packages are hiding the deep wounds that still exist in our economy. Just this morning, Congress passed the extension of the Paycheck Protection Program.Much of the risk appetite is favoring high risk momentum stocks. These are companies whose products and services serve the new world order of digital delivery and subscription models. Some of the ones making new highs are Peloton (NASDAQ:PTON), Zoom Video (NASDAQ:ZM) and even the older gurus like Salesforce (NYSE:CRM). The Nasdaq recovered best out of the quarantine crash, and in fact it has already set all-time-highs this morning with no let-up in sight.The bulls are tag-teaming MVP's, so they sell one group to rotate into another. For a while they chase mega-cap tech like Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB) and Netflix (NASDAQ:NFLX). Then on other days when they sell those, they roll their profits into frothier tickers like ZM and Roku (NASDAQ:ROKU).InvestorPlace - Stock Market News, Stock Advice & Trading TipsI am usually optimistic about the stock markets, but I have serious worries these days. Last year, I wrote about buying every dip stemming from the China trade war headlines. This is different because the U.S. went from full employment last year to maximum unemployment this year. The economic reports may look fine, but the wound from the quarantine is bleeding internally. This is not evident while the government is spending trillions of dollars supporting the deficit. The election season will pass and the politicians will lose interest in quantitative easing programs.Caution is warranted while markets behave like it's 1999. Investors should fade this extreme exuberance in the Nasdaq using the following three exchange-traded funds. I feel a little guilty for my negative tone, but in my defense, I suggested going long on the April 21 dip. Back then, it served as the base for this incredible 25% rally in these tech ETFs: * Invesco QQQ Trust (NASDAQ:QQQ) * VanEck Vectors Semiconductor ETF (NASDAQ:SMH) * Technology Select Sector SPDR Fund (NYSEARCA:XLK)I will start by sharing my order of preference on these bearish bets. Out of these three tech ETFs, the SMH seems the weakest because it has the most lower-highs in the last two weeks. Then the XLK because it has at least one recent failed breakout. Finally, only the QQQ is in open space and has no recent fails since it just made new highs. Tech ETFs to Trade: Invesco QQQ Trust (QQQ)Source: Charts by TradingView The QQQ is the main Nasdaq ETF that traders most often use. It is heavily concentrated with the top dogs and they are the great American companies led by Microsoft (NASDAQ:MSFT), Apple, Amazon (NASDAQ:AMZN), Facebook and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). The top five make up almost half of the the entire basket. The call today is to fade the rally into the Fall season. Placing a bearish bet on the QQQ stock is simple when using options. Shorting the stock outright is too risky because it opens unlimited risk for as long as the rally continues.I realize that doing this now is going against the grain because it suggests fighting the Federal Reserve and the tape. Using options, investors can buy a long-term debit put spread to capture at least a 10% correction. This is a directional position that needs a drop to profit and time is its enemy. At the close of yesterday, traders could buy the December $242 / $232 debit put spread for $3 debit. This is the maximum potential loss per contract. To win, the QQQ has to fall ideally through both legs. The maximum upside potential is then $7 per contract. Those who have a bigger risk appetite can buy the $232 put naked for a cost of $12.80 per contract. In this runaway market that's a big ask.To lower or eliminate the entry cost, an alternative method is sell bear call spreads, which would leave room for error. The advantage here is that profits can come without a correction. All it needs to win is that the QQQ not rally more than 10% from here. For example, the December $280 / $285 credit call spread could pay $1.50 per contract. The advantage of this is that the price can rally and it can still win. Technology Select Sector SPDR Fund (XLK)Source: Charts by TradingView The XLK is another popular tech ETF and it is also heavily weighted with Microsoft and Apple, which make up more than 40% of it. But the XLK is also heavily influenced by Fintech. Visa (NYSE:V), MasterCard (NYSE:MA) and PayPal (NASDAQ:PYPL) to name three make up almost 15% of it. This complicates matters a little bit for the bears because they would be shorting two different hot concepts. Wall Street is not only in love with tech, but they are almost even more enamored with Financial Tech. PYPL stock rallied 115% off the Covid-19 low and is now miles above its prior highs. This is a good illustration of my concern.I understand the concept of momentum trading very well, but I usually prefer chasing a specific breakout. In this case, the bids are system wide and investors are buying whatever regardless of thesis. Investing is not that easy and there will be pain for many. The first step is to avoid chasing into such froth, and placing a few bearish bets makes sense. Both concepts here are over extended, so they are vulnerable to hiccups.Again, here the easy method is to buy some downside scenarios in the put options out until the end of the year. Placing shorter-term bets could pay quicker but then time becomes a worse liability. The XLK stock is just as exposed as the QQQ, so it comes down to a matter of taste. I find it easier to manage my trade with the QQQ than this one.The XLK has support through $100 per share, but if they lose it, the bears could try to target another $5 drop. Once again, my call today is not one of doom and gloom, but it would be normal to retrace prices back to the May breakout levels without changing the overall bullish thesis. The bulls can retain control for as long as they maintain the higher-low trend. Meaning, I would buy the dips when they come. VanEck Vectors Semiconductor ETF (SMH)Source: Charts by TradingView Another concept that investors are loving this year are chip stocks and they are best represented by the SMH. This tech ETF is heavily weighted by Taiwan Semiconductor (NYSE:TSM), Intel (NASDAQ:INTC) and Nvidia (NASDAQ:NVDA). These three account for almost 30% of the fund. I am a big fan of Intel and Nvidia stock and I wrote about buying every dip in them. Like the XLK, SMH's chart has support just below current levels and a pivot zone at $142 per share. The bulls will defend the zone vigorously because they are an emotional bunch over these stocks. To short the SMH from relative safety, buy the Nov $130 / $120 debit put spread for under $2 per contract. This is a reasonably priced opportunity to capitalize on a correction this Fall.As noted earlier, these ideas go against the grain when it comes to tech ETFs. In addition, the Nasdaq is going into a seasonally bullish period. Although, I don't usually trade hype like this, it is important to acknowledge that this is yet another reason why shorting this insane rally caries unusual risk. The methods discussed today use finite potential, so they are not reckless. There are dozens of other ways to approach tech ETFs today, but simple vertical put spreads are the easiest to explain and execute.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 3 Tech ETFs to Short Along With Covid-19's Resurgence appeared first on InvestorPlace.
Sixteen banks from Germany, France and three other euro zone countries on Thursday said a "truly European" payments system was expected to be up and running in 2022 to fully digitalise a region where half of all retail payments are still in cash. European Union policymakers and central bankers have long sought a "home grown" rival to take on Mastercard <MA.N> and Visa <V.N> from the United States, and more recently tech giants like Alipay and Google <GOOGL.O>. The European Central Bank on Thursday welcomed the banks' decision to launch the unified European payment system by 2022, after advocating for years an industry-driven solution to compete with the likes of Mastercard and Visa.
A group of 16 euro zone banks on Thursday said a "truly European" unified payments system is expected to be up and running in 2022. "The solution aims to become a new standard means of payment for European consumers and merchants in all types of transactions including in-store, online, cash withdrawal and 'peer-to-peer' in addition to existing international payment scheme solutions," the banks said in a joint statement.
The Federal Reserve recently released the results of 2020 bank stress tests, and while no banks are in serious danger, some would see capital levels fall a bit too low for comfort in a prolonged and deep COVID-19 recession. As a result, the Fed issued a formula to govern bank dividends, and there's a real chance bank investors could see dividend cuts from some major financial institutions. In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss the news and what it could mean for bank investors.
Warren Buffett is widely regarded as one of the best investors who ever lived. From 1964 to 2019, Buffett helped Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) generate an astounding 2,744,062% overall gain on its stock investments. For these reasons, investors wisely keep an eye on Berkshire Hathaway's portfolio to see which stocks Buffett is investing in.
Visa and Mastercard reported 18% and 20% increases, respectively, in card-not-present spending (excluding travel) for the month of April. PayPal (NASDAQ: PYPL) grew branded transactions more than twice as fast -- up 43% in April, CEO Dan Schulman said during its first-quarter earnings call. When asked how PayPal is managing to grab market share despite a constant influx of competition for online checkout, CEO Dan Schulman gave three reasons: scale, technology, and brand.
Facebook Inc and card acquirer Cielo SA have asked Brazil's antitrust watchdog Cade to reverse the suspension of an agreement they struck paving the way for WhatsApp to roll out a new payments system, according to a document. Both companies argued that their agreement was not exclusive and allowed rival card acquirers to forge deals with the U.S. social media giant's WhatsApp messaging system. "Facebook and WhatsApp will just offer an additional channel for payments transaction between consumers and merchants," both companies said in the document sent to Cade, which was filed on Friday but became public on Monday.
Caps on the fees retailers pay to process debit and credit card transactions have helped push down prices, EU antitrust regulators said on Monday, but merchants called for even tighter limits. The Interchange Fee Regulation (IFR), which was triggered by a lengthy battle between retailers and payments groups including Visa and Mastercard, limits debit card fees at 0.2 percent of the transaction value and credit card fees at 0.3% of the transaction value. "Interchange fees for consumer cards have decreased, leading to reduced merchants' charges for card payments, and ultimately resulting in improved services to consumers and lower consumer prices," the European Commission said in a report.
Mastercard (MA) expands alliance with EedenBull, which reflects the company's efforts to harness opportunities present in the Asia Pacific region.