Billionaire investor Carl Icahn shared his view on cryptocurrency in his November 30, 2017, interview with CNBC’s Halftime Report. He said about bitcoin that it “seems like a bubble.”
According to the latest 13F filing, activist investor Carl Icahn took a 13% stake in SandRidge Energy (SD) in 3Q17.
On November 30, 2017, Carl Icahn, billionaire investor and founder of Icahn Enterprises, shared his views on the market movement, bitcoin, and his position in 3Q17.
At 5:40 AM EST on December 8, the FTSE 100 Index was trading at 7,347.25—a gain of 0.36%. The iShares MSCI United Kingdom (EWU) rose 0.26% on December 7.
The Shanghai Composite Index fell in the first four days this week and opened lower on December 8. It rose as the day progressed and ended the day higher.
On December 7, H&R Block fell 5.5% and closed the day at $27.39. It’s part of the S&P 500 Consumer Discretionary sector, which rose 0.23% on December 7.
On December 7, Edison International rose 4.4% and closed the day at $71.77. It’s part of the S&P 500 utility sector, which rose 0.1% on Thursday.
CF Industries Holdings, which is a global leader in nitrogen fertilizer manufacturing and distribution, was the S&P 500’s top gainer on December 7.
On December 7, nine out of the S&P 500’s 11 major sectors rose. Strength in the industrials and materials sectors supported the market.
After trading with strength for two trading weeks, the S&P 500 started this week on a weaker note. It fell for the first two trading days this week.
At 5:35 AM EST, the DAX Index was trading at 13,077.50—a gain of 0.61%. The iShares MSCI Germany (EWG) fell 0.15% on December 6.
On December 7, the Shanghai Composite Index fell 0.67% and closed the day at 3,272.05. The SPDR S&P China (GXC) fell 1.5% on December 6.
Private non-farm payroll employment rose 190,000 in November following a gain of 235,000 in October.
Of the 41 analysts tracking Visa (V) in December 2017, 19 recommended a “buy.” Four analysts recommend a “hold” for the stock.
Visa’s (V) price-to-earnings ratio on an NTM basis stood at 26.3x.
Visa reported a return on invested capital on an LTM basis of ~15.2%.
Visa has a free cash flow (or FCF) yield of ~2.0% on an LTM basis.
Visa (V) has a market capitalization of $249.2 billion.
Visa (V) has a beta value of ~1.1. Its peers Vantiv (VNTV), Fidelity National Information Services (FIS), and American Express (AXP) have beta values of 0.59, 0.88, and ~1.1, respectively.
As Visa (V) plans to trigger its long-term growth in developed economies, its management has a favorable outlook for Europe and the US.