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Why PayPal Stock Is an Attractive Pick for Investors
On Thursday, PayPal stock rose 2.6% and closed at $168.05 after an analyst upgrade. At the last closing price, PayPal’s market cap was $197.3 billion.
Is AXP Stock a ‘Sell’ after Its Q1 Earnings?
Today at 7:02 AM ET, AXP stock rose 1.1% to $84.10 in the pre-market session. The company reported its first-quarter earnings results on April 24.
Will Tech Stocks Push S&P 500 to Record Highs?
Tech stocks have been on a roll since the start of 2019. The S&P 500 ETF (INDEXSP: INX) has gained 31.4% since January 2019.
An Investor’s Guide to Top-Performing Stocks for 2020
Overall, tech stocks turned out to be the top performers for 2019. The gain in the technology sector helped the S&P 500 gain 29% in 2019.
Bitcoin Year in Review and 2020 Forecast
I wouldn’t call 2019 a sea of tranquility for Bitcoin. But at least it wasn’t as much of a roller-coaster ride as the two preceding years.
Facebook Pay: PayPal Isn’t the Target After Libra Exit
Facebook (FB) launched a new payment service that will work across its family of apps. The payment service is called Facebook Pay.
Are Cryptocurrencies and PayPal a Risk for Banking?
Alternative options, such as cryptocurrencies or payment platforms like PayPal (PYPL), may impact banks in the long term. They are here to stay.
US GDP Shatters Expectations, Pessimists Run for Cover
The US GDP increased at an impressive rate of 1.9% for the third quarter. The growth beat the expectations of around 1.6% for the quarter.
Are Mastercard’s Earnings Results a Win for America?
Mastercard just posted a solid earnings beat. It’s been a blockbuster Q3 for payment companies, with Visa and American Express beating projections, too.
Could the Fed Trigger an S&P 500 Crash This Week?
The S&P 500 Index, which is trading close to an all-time high, could be affected by the Fed’s tone in its upcoming meeting.
What’s Happened in the Libra Project This Month
Although Zuckerberg was banking on Libra, the cryptocurrency project has landed on shaky ground. Here’s a rundown of its challenges this month.
Libra Responds to PayPal’s Exit from Facebook Currency Project
PayPal (PYPL) has decided to drop out of Facebook’s (FB) Libra Association, the group set to run the Libra cryptocurrency network.
PayPal Abandons Facebook’s Libra: Could Others Follow?
PayPal announced its withdrawal from the 28-member team of Facebook’s Libra Project. Libra has received criticism from the public and private sectors.
Why This Month Is Crucial for Facebook’s Libra Project
In the coming weeks, Libra Association members will start committing to Facebook’s (FB) Libra cryptocurrency project formally.
Mario Gabelli: What To Do if Market Declines
On August 24, in an interview with CNBC, Mario Gabelli encouraged value investing. He is the CEO, chairman, and founder of GAMCO Investors.
Analysts Bet on Square Stock: What’s Next?
Square (SQ) stock is up over 3% in today’s trading session. SQ jumped after Wells Fargo upgraded its rating to “outperform” from “market perform.”
Verizon and Wells Fargo Are Getting on the Blockchain
Verizon (VZ) and Wells Fargo (WFC) are taking steps to integrate blockchain technology into their business models. Here’s why.
Europe’s Top Economies Reject Facebook’s Libra Cryptocurrency
Germany and France, Europe’s largest and third-largest economies, say they have no place for Facebook’s Libra cryptocurrency.
Why Apple Services Are Overshadowing the iPhone
By 2020, Apple aims to double its Services revenue from 2016. Meanwhile, the iPhone is looking less and less important for the company.
Apple Card’s Launch Date in August Isn’t Confirmed
Despite not knowing the Apple Card’s launch date, the card moved from a promise to a reality. Apple Card is a reality inside Apple offices.
Why American Express’s Q2 Earnings Rose
American Express (AXP) reported its second-quarter earnings results on Friday before the market opened. Its EPS beat analysts’ consensus estimate.
Libra Cryptocurrency Transactions Might Not Start in 2020
While Facebook set the middle of 2020 as the Libra Cryptocurrency’s launch date, many people think that the deadline might be too aggressive.
Libra and Big Tech Go to Capitol Hill and Cryptocurrencies Fall
Yesterday, Facebook’s (FB) David Marcus, head of Facebook’s Calibra wallet, visited Capitol Hill to testify in front of the Senate Banking Committee.
Has Trump’s Mistrust for Tech Affected His Views on Libra?
Late Thursday, Trump hurled three tweet bombs at cryptocurrencies, specifically naming Bitcoin and Facebook’s (FB) Libra.
S&P 500 Hits 3,000 and BTC Falls as Powell Voices Libra Concerns
Fed Chair Powell’s testimony to Congress concluded yesterday. During his testimony, Powell said that Libra, Facebook’s (FB) cryptocurrency project, raises “serious concerns.”
Will Libra Cryptocurrency Survive Assault from Lawmakers?
Last week, the US House of Representatives asked Facebook (FB) to stop developing its Libra cryptocurrency.
Why Upcoming Earnings Remain Critical for Technology Markets
Tech stocks made a stellar comeback in the first six months of 2019. The Technology Select Sector SPDR ETF (XLK) has returned 15.8% so far this year.
Libra 101: All You Need to Know about the Cryptocurrency
Last week, Facebook (FB) and other founding members of the Libra Association launched Libra. Libra will be governed by a handful of large organizations including Uber (UBER), Lyft (LYFT), Visa (V), and Mastercard (MA). By the planned launch in 2020, Facebook expects to have 100 members in the governing body.
How Long Will Facebook’s Libra Fuel Bitcoin Rally?
Ever since the news about Facebook’s (FB) cryptocurrency project broke, Bitcoin has rallied on the hope that Facebook’s entry in the space will help make cryptocurrencies mainstream. Facebook’s cryptocurrency will be called Libra and will be governed by an association with 28 founding members across industries.
MasterCard and Visa’s Valuation and Earnings Growth
Currently, MasterCard (MA) is trading at a forward PE ratio of ~33x—higher than Visa’s (V) ratio of ~30x.
MasterCard Stock Has Outperformed Visa in 2019
MasterCard (MA) stock has risen ~34% in 2019. MasterCard stock has outperformed Visa (V) by ~11%.
Mastercard Targets Gig Workers with Lyft Partnership
Continuing with its innovative ways to expand its customer base, Mastercard (MA) is now targeting the “gig economy.”
Analyzing Visa’s Valuation after Its Q2 Earnings
Visa (V) is trading at a forward PE ratio of 27.7x, which is higher than its five-year average PE ratio of 24.5x.
Berkshire-Backed StoneCo Tumbles after ITUB Ups Ante
StoneCo (STNE) was trading down 27.6% as of 1:30 PM ET. The negative price action was driven by an announcement by Itaú Unibanco Holding (ITUB).
Visa: Analysts Are Bullish before Its Earnings
Visa (V) has seen three upward revisions in its target price in April. On April 10, Cowen increased its target price for Visa from $161 to $177.
How Visa Stock Might Perform until Its Earnings
The implied volatility in Visa fell by ~12.5 percentage points from January 2 to 18.73% on April 12. Visa stock has risen ~21% during this period.
What Might Drive Visa’s Q2 Earnings Growth?
According to data released on March 29, consumer spending rose 0.1% in January. Disposable personal income fell 0.2% in January.
Will Visa Exceed Its Earnings Estimates Again?
Visa (V) is scheduled to report its second-quarter earnings on April 24. In the quarter ending December 31, Visa reported 7% sequential EPS growth.
Berkshire Hathaway: Payment Industry in Q1
Berkshire Hathaway (BRK-B) has invested in several payment industry stocks like Visa (V), Mastercard (MA), American Express (AXP), and StoneCo.
How Will Apple’s Credit Card Benefit iPhone Users?
On March 25, Apple (AAPL) announced that it would launch an Apple-branded credit card, known as Apple Card, this summer in the United States.
Goldman Sachs’ Take on Uncertain Stock Market: Get Defensive
Last month, Goldman Sachs predicted the S&P 500 (SPY) will reach 3,000 by the end of 2019.
Innovative Services around Microsoft Azure Are Fueling Its Growth
Although Amazon’s Amazon Web Services continues to be the most popular cloud platform, Microsoft’s Azure is growing faster.
Mastercard Stock Soars on Stunning Q3 2018 Results
Mastercard (MA) stock rose ~3% in premarket trading on October 30 following its announcement of its impressive third-quarter results.
Why PayPal Is Hiking Its Venmo Bank Transfer Fees
Venmo processed $17.0 billion in transactions in the third quarter, up 78.0% year-over-year.
Behind the PayPal–Amex Partnership
PayPal finished the third quarter with 254.0 million active customers on its platform.
Digitization and Tech Investment Drove Visa’s Payment Volume
Visa’s (V) fourth-quarter results benefited from the growing global trend of cashless transactions.
Visa’s Q4 Profit Jumps 34%: A Look at Key Growth Drivers
Visa’s adjusted fourth-quarter EPS jumped 34% year-over-year to $1.21 and surpassed Wall Street analysts’ estimates by a penny.
A Look at IBM’s Food Trust Platform
Alibaba has submitted 90 blockchain-related patent applications, compared to 89 blockchain patent applications submitted by IBM.
What’s Mastercard’s Valuation ahead of Third-Quarter Earnings?
At current market prices, Mastercard (MA) trades at a premium valuation to most of its peers with the exception of PayPal Holdings (PYPL).
Digitization to Drive Mastercard’s Payment Volume in Third Quarter
Mastercard’s (MA) third-quarter results are expected to benefit from the growing trend of cashless transactions around the world.
Improving Economy and Retail Sales to Boost Mastercard’s Q3 Results
A healthy job market and a steady hike in wages have increased the spending power of consumers.
Wall Street Projects Double-Digit Revenue Growth for Mastercard
Analysts expect Mastercard’s (MA) third-quarter 2018 revenues to grow 13.7% YoY and reach $3.86 billion.
What Will Drive Mastercard’s Third-Quarter Earnings?
Mastercard (MA) is scheduled to report its third-quarter results on October 30.
Where Visa Does Stand among Its Peers?
Analysts gave Visa a target price of $164.47, which is a 16% increase from the current level of $141.74. In 2017, the stock gained ~46%.
Visa’s Q4 Results to Gain from Improving Economy and Retail Sales
The US GDP grew 4.2% in the second quarter, which was almost double the 2.2% increase registered in the first quarter.
Higher Payment Volumes to Drive Visa’s Q4 2018 Earnings
Visa (V) plans to report its Q4 2018 earnings on October 24. Analysts expect Visa to report EPS of $1.20, marking YoY growth of 33.3%.
The Rise of Venmo’s Importance to PayPal
PayPal (PYPL) is giving its Venmo business a lot of attention lately.
How IBM Could Monetize Its Food-Tracking Platform
IBM (IBM) has built a blockchain platform that provides real-time tracking of the food supply chain.
Where Is PayPal Taking Venmo?
Venmo’s transaction volume soared 78.0% YoY to $14.0 billion in the second quarter.
What Do Facebook, Alibaba, and IBM Have in Common?
Blockchain technology could generate $60.7 billion in annual revenues by 2024, up from $708.0 million in 2017, according to Market Reports Center.
Why Wall Street Loves Mastercard Stock
About 93.0% of the 41 analysts covering Mastercard (MA) stock recommended a “strong buy” or a “buy.”
Do Mastercard’s Valuation Multiples Look Attractive?
Based on Wall Street’s earnings forecast for the next 12 months, Mastercard’s price-to-sales ratio stands at 13.37x.
Mastercard Sees a Significant Opportunity in India
Mastercard made its first investment in the Indian market in 2010 by buying a stake in ElectraCard Services, which is a locally based software solutions and payments management firm.
Mastercard to Gain from Improving Economy and Rising Retail Sales
The Consumer Confidence Index increased to 133.4 in August from 127.9 in July—its highest reading since its October 2000 reading of 135.8.
Rising Digital Payments to Support Mastercard’s Long-Term Growth
Statista projects that the total value of global digital payment transactions could increase to ~$5.41 trillion in 2022 from ~$2.75 trillion in 2017.
Mastercard Sees Larger Opportunity in B2B Payment Space
Since 2017, Mastercard has been working to accelerate the adoption of digital payments in the travel industry through its various platforms.
Driving Factors behind Mastercard’s Double-Digit Revenue Growth
According to Wall Street expectations, Mastercard’s revenues for Q3 2018 and fiscal 2018 are expected to rise 13.7% and 19.7%, respectively, on a YoY basis.
Mastercard Near Its 52-Week High: Is Upside Potential Still Left?
Mastercard (MA) stock has risen ~40% YTD. Visa (V) has risen 15%, PayPal (PYPL) has gained 18%, and American Express (AXP) has fallen 1.5%.
Do Visa’s Multiples Look Attractive?
The price-to-earnings (or PE) ratio is considered to be the best multiple to value financial technology companies like Visa (V).
Visa to Gain from Technological Transformation Initiatives
Payments are shifting rapidly from cash to digital mainly due to continuously evolving digital technology, increasing online transactions, and competitive forces.
Rising Digital Payment Market to Support Visa’s Long-Term Growth
Visa (V) is poised to benefit from the growing trend of cashless transactions around the world.
Improving GDP and Retail Sales Could Boost Visa’s Platform Usage
Improving GDP growth, a healthy job market, and steady wage growth have increased the disposable income of consumers, thereby giving them greater spending power.
Visa Sizzles on Strong Digitization Trends and Improving Economy
Visa stock (V), which was around $78 at the beginning of 2017, now trades close to $143, a jump of over 83%.
Google Turns to Mastercard to Fight Amazon
Alphabet’s Google has partnered with Mastercard (MA) on a program that could help it push back against Amazon in the digital advertising market.
Will Analysts Stay Optimistic about Visa Stock?
In the fiscal third quarter, Visa (V) witnessed strong growth on a YoY (year-over-year) basis in all its primary business metrics.
What Fueled Visa’s Payment Volumes in Fiscal Q3 2018?
In the third quarter, Visa (V) witnessed a rise in payment volumes from the United States on a sequential basis from 10.1% to 10.5%.
Understanding Visa’s Take on Contactless Payments
Visa (V) has been making efforts to increase the use of contactless payments in the United States after experiencing a positive response.
Understanding Visa’s Views on Europe and India
Visa (V) posted total payment volumes amounting to $2.1 trillion in its fiscal third quarter.
How Analysts Rate Mastercard
Analysts’ rating on Mastercard (MA) improved in July compared to June.
Mastercard Has Premium Valuations after Strong Q2 2018 Results
Mastercard (MA) has a price-to-earnings ratio of 28.04x on an NTM (next-12-month) basis compared to the peer average of 15.95x.
How Mastercard’s Gross Dollar Volumes and Net Revenues Trended
In the second quarter, Mastercard (MA) witnessed total gross dollar volumes (or GDV) of $1.5 trillion.
Fintech Startups Grabbed a Larger Share of US Personal Loans
The total spending on Visa’s (V) network rose 11% to $2.1 trillion in the second quarter—slightly better than analysts’ estimates of $2.09 trillion.
Discover Financial’s Q2 2018: Total Loans Grew 9% Year-over-Year
On July 26, Discover Financial Services (DFS) released its earnings report for the second quarter.
Visa Posts Strong Fiscal Q3 2018 Results: Payments Volume Rose
On July 25, Visa (V) posted its third fiscal quarter results. The company posted an EPS of $1.20, which exceeds Wall Street analysts’ expectations.
Visa’s Payments Volumes Could Fuel Its Growth
On July 25, Visa (V) is scheduled to report its results for the third fiscal quarter. Analysts expect Visa to post an EPS of $1.09.
Mastercard’s Q2 Preview: Spending, Macro Data Could Be Drivers
Mastercard (MA) is set to release its second-quarter earnings report on July 26. What can we expect?
Capital One’s Net Interest Margin Fell in the Second Quarter
Capital One Financial (COF) posted second-quarter results on July 19.
American Express in Q2: Drivers Could Be Loan Growth, Spending
On July 18, American Express (AXP) is expected to report its Q2 2018. Analysts expect EPS to be $1.82 compared to $1.86 in the first quarter.
Capital One’s Q2: Expectations Amid Trade Wars, Improved Economy
Capital One (COF) is expected to release its Q2 2018 earnings on July 19. Analysts expect EPS of $2.68, a YoY rise of 38.1%.
What Factors Could Influence Analysts’ Ratings on Discover?
Growing trade tensions are a primary concern, as they could impact the performances of Discover Financial Services (DFS) and its peers.
What Discover Financial Has in Mind Moving Forward
Discover Financial Services (DFS) generated net interest income amounting to $2.1 billion in the first quarter.
JPMorgan Chase’s Credit Card Lending and Spending
JPMorgan Chase’s (JPM) CCB segment has benefited from consumer spending, credit card revenues, and business lending.
What’s behind Mastercard’s Co-Brand Wins?
The economic and business environment prevailing in an economy affects the business fundamentals of payment processing giants like Visa (V) and Mastercard (MA).
PayPal’s Venmo Is Launching a New Debit Card
On Monday, June 25, PayPal’s (PYPL) Venmo introduced its debit card, which is part of a partnership with Mastercard (MA).
What’s Affected Consumer Finance Companies Recently?
On June 25, the Dow Jones Industrial Average saw strong downward pressure primarily due to escalating US-China trade tensions.
How Analysts View American Express Stock
In June, eight of the 32 analysts covering the stock have given it a “buy” rating, and two analysts have given it a “strong sell.”
American Express Global Commercial Services: What Could Impact It
American Express’s (AXP) Global Commercial Services segment’s non-interest revenues rose 9% YoY in the first quarter.
American Express: What the Second Quarter Holds
The second quarter could be beneficial for American Express (AXP) due to an expected rise in consumer loans and transactions.
Understanding Visa’s Service Revenue and Visa Direct
In fiscal Q3 2018, Visa’s (V) service revenue could rise YoY (year-over-year) due to its payment volumes rising YoY in fiscal Q2 2018.
A Look at Visa’s Valuation
Visa’s (V) NTM (next-12-month) and LTM (last-12-month) price-to-book ratios are 7.6x and 8.9x, respectively.