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With the growing adoption of electronic payments in emerging markets, global issuance of payment cards is projected to grow 36% to 18.3 billion during 2011-2016.
When folks think of the Berkshire Hathaway (BRK.B) portfolio and its collection of holdings, most of which were selected by Chairman and CEO Warren Buffett, the companies that most readily come to mind are probably American Express (AXP), Coca-Cola (KO) and, more recently, Apple (AAPL).But a deep dive into Berkshire Hathaway's equity holdings reveals a more complicated picture.Berkshire Hathaway held positions in 48 separate stocks as of March 31, according to regulatory filings with the Securities and Exchange Commission. But the portfolio of "Buffett stocks" isn't as diversified as the number might suggest. In some cases, BRK.B holds more than one share class in the same company. Some holdings are so small as to be immaterial leftovers from earlier bets the Oracle of Omaha has yet to completely exit.And perhaps most importantly, Berkshire Hathaway's equity portfolio is actually pretty concentrated. The top six holdings account for almost 70% of the portfolio's total value. The top 10 positions comprise nearly 80%. Banks and airlines, to cite a couple of sectors, carry quite a load in this portfolio. Then there's the fact that several Buffett stocks actually were picked by portfolio managers Todd Combs and Ted Weschler.Here, we examine each and every holding to give investors a better understanding of the entire Berkshire Hathaway portfolio. SEE ALSO: The 19 Best Stocks to Buy for the Rest of 2019
The past year has been exciting, if not a little stomach-churning. A raucous 25% rally to start the year unwound a miserable last few months of 2018, but that big advance has been chopped by one-third just since the beginning of May.Thus, when picking the best stocks to buy for the rest of 2019, you have to approach your selections with volatility - namely, avoiding it - in mind.Maybe the year's second act will be a little less exciting and a little more consistent for investors than the first. But with Chinese trade relations in limbo, Brexit still in the air and uncertainty about the Federal Reserve's future plans for interest rates, calm is far from a guarantee.To that end, here are the best stocks to buy for the rest of 2019. Not only are these stock picks a little less vulnerable to the volatility we've seen of late, but they each have solid backstories and/or fundamentals that should prove attractive if the hazy backdrop remains. SEE ALSO: The Berkshire Hathaway Portfolio: All 48 Buffett Stocks
CNBC's Jim Cramer said Monday that Facebook, Inc. (NASDAQ: FB )'s reported plans for a cryptocurrency are a reason for investors to back the social media stock . If the coin launch goes ahead as expected ...
For the first several months of 2019, it was relatively stable at around $4,000, but Bitcoin’s price has been climbing as of late.
Most people who download these apps never use them; and elderly and rural customers are often left behind.
Delphi Technologies (DLPH) holds a competitive position in the global automotive component supply industry. However, stiff competition, high debt and seasonality act as major headwinds.
Moody's Investors Service ("Moody's") has assigned a Baa2 senior unsecured rating to Fiserv, Inc.'s ("Fiserv") proposed offering of Euro and British Pound denominated senior notes. The net proceeds from the offering will be used to provide funds for the pending acquisition of First Data Corporation ("First Data"), including for the refinancing of First Data's existing debt.
Facebook has reportedly signed up more than a dozen partners to help fund and manage its new cryptocurrency, which it plans to publicly unveil this week.
What does an investor do with an opportunity like Visa (NYSE:V)? The Visa stock price continues to stay elevated, at over 27-times forward earnings. Of the 40 largest U.S.-listed stocks by market capitalization, only Amazon (NASDAQ:AMZN) and rival Mastercard (NYSE:MA) sport higher valuations.Source: Shutterstock And yet V stock certainly seems to merit a premium valuation. Few large-capitalization stocks can match its near-term growth prospects. Long-term opportunities come in several forms: lower use of cash worldwide, international expansion, and a move into business-to-business (B2B) offerings.Does an investor follow the Warren Buffett maxim that it's "far better to own a wonderful company at a fair price than a fair company at a wonderful price," as I argued back in 2017? Or does valuation matter, particularly in a bull market seemingly running on fumes?InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor now, Visa stock seems a worthwhile bet. But investors probably have to temper their expectations. The next decade is not going to look like the last one. The Incredible Rise in the Visa Stock PriceLooking backwards, investors certainly missed a huge opportunity in Visa stock. Over the past ten years, shares have returned 953%, not including an admittedly modest dividend. Those gains haven't come just because of the bull market either. In 2009, the company earned 81 cents per share (adjusting for the company's 2015 stock split). A decade ago, the stock (again, on a split-adjusted basis) traded for $16-plus, implying a P/E multiple right at 20x. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 Relative to 2019 expectations, the multiple now sits at 31x. And there are two ways to look at that expansion. The first is that the incredible gains in the Visa stock price are coming mostly from higher earnings. Based on the Street's expectations for 2019, V should climb nearly 500% from 2009 levels.The second, however, is a more difficult question: can the multiples assigned V stock really go much higher? This is a much larger company, which makes percentage growth more difficult to achieve. Yet investors now are paying 50%-plus more for the same dollar of earnings. As impressive as Visa's opportunities are, it's tough to argue that its growth potential is better now than it was a decade ago.Obviously, the market today is in much better shape than in June 2009, when it was just three months removed from financial crisis lows. But that's kind of the point: Visa's earnings multiples can't expand much more without the broad market moving higher.In that scenario, earnings growth still can drive returns -- again, profits are expected to rise 15%-plus in 2020. But roughly 16% annual returns (including the dividend) might seem disappointing in the context of the recent performance. Is V Stock the Best Play?As incredible as the performance of Visa stock seems, there's something more incredible: Mastercard. Visa has returned nearly 1,000% in a decade, yet V shares have underperformed their rival over that span. In fact, MA has been the better pick over one, three, and five-year periods as well. Its 10-year return is a staggering 1,460%.At the moment, MA actually is slightly more expensive on an earnings basis than V stock. Mastercard has greater exposure to non-U.S. payments, and thus, at least in theory, more room for growth. And while past performance doesn't guarantee future performance, the better returns from Mastercard shares are at least worth considering.Of course, Visa and Mastercard aren't the only two stocks in the space, either. Will Healy this month highlighted a potential opportunity in Discover Financial Services (NYSE:DFS), which trades at a substantial discount to both V and MA despite significant potential risk in China. American Express (NYSE:AXP) has been an inconsistent performer, but offers value as well.The stories of the four stocks aren't the same; at the moment, it's foolish to argue that DFS or AXP should be treated like their rivals. But when considering V stock at these multiples, investors should at least keep an open mind toward other stocks in the space. Visa Looks Good, but Not GreatAt the least, the next decade for the Visa stock price is not going to look like the last decade. That's probably not surprising: a repeat of the 950%-plus gains would give Visa a market cap of some $4 trillion.But performance could be good -- and still far short of the standard Visa has set. Bear in mind that if V stock appreciated at 10.5% a year for the next decade, it would reach a $1 trillion market cap ten years from now. Maybe that's not unrealistic in a world where credit-card usage continues to rise. Plus, Visa's efforts in cross-border payments and B2B could bear fruit.Still, $1 trillion does seem like a big ask for returns that almost seem middling given the torrid performance of payment companies of late. And it shows the difficulty in Visa stock here. There's a path to a $1 trillion valuation, which is the good news. But whether 10%-plus a year is good enough for investors depends on their view of the markets and the competition.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post Visa Stock Remains a Buy, But Expectations Need to Be Lowered appeared first on InvestorPlace.
With a market capitalization of US$11b, Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a large-cap stock, which is...
Jeff Yabuki has been the CEO of Fiserv, Inc. (NASDAQ:FISV) since 2005. This analysis aims first to contrast CEO...
Investing.com - Cryptocurrencies traded higher for an eighth-consecutive session on Monday as Bitcoin breaks above $9,300.
American Express earns money from users through interest income and annual fees, as well as from merchants through payment processing.