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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.
PayPal Holdings, Inc.
American Express Company
Global Payments Inc.
FleetCor Technologies, Inc.
Jack Henry & Associates, Inc.
Euronet Worldwide, Inc.
ACI Worldwide, Inc.
Green Dot Corporation
Net 1 UEPS Technologies, Inc.
VeriFone Systems, Inc.
Wex (WEX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
FleetCor Technologies (FLT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Combining dividends and growth may be a great way to extend the life of your portfolio in retirement.
The Australian Dollar may have closed higher, but it posted its high for the session nearly five hours before the U.S. Non-Farm Payrolls report.
Global Payments (GPN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Paypal (PYPL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Australian dollar went parabolic during the week, crashing into resistance at the 0.70 level. This is a market that at the very least needs to digest gains.
(Bloomberg) -- Fivetran, a startup that specializes in data integration, is in advanced talks to raise new funding from investors including General Catalyst and Andreessen Horowitz, according to people with knowledge of the matter.The new round is slated to value Fivetran at over $1 billion, said the people, who requested anonymity because the talks are private. A term sheet has yet to be signed, and as with all deals that aren’t finalized, components of the transaction could be adjusted, cautioned one of the people.Representatives for Fivetran and Andreessen Horowitz declined to comment. General Catalyst wasn’t immediately reachable for comment.Fivetran helps businesses consolidate and integrate data from disparate sources of analytics into so-called cloud warehouses. Among its enterprise customers are Conagra Brands Inc., ClassPass Inc., Square Inc., Talkdesk Inc. and Monzo Bank Ltd.The Oakland, California-based company was last valued at $254 million when it raised $44 million in a round led by Andreessen in September, according to Pitchbook data.The company, led by co-founder and Chief Executive Officer George Fraser, in April said enterprise software veteran and former Snowflake Inc. CEO Bob Muglia would join its board of directors as it was experiencing “explosive growth.” At the time, it said its customer base had grown 75% over the past year to more than 1,000 companies and almost 7,800 users.Fivetran’s early investors include Matrix Partners and CEAS Investments.(Updates with no comment from Andreessen in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
After a shock jobs number out of the United States, it looks like perhaps the demise of the United States was prematurely.
Dollar General, Hanesbrands, Visa, Mastercard and American Express highlighted as Zacks Bull and Bear of the Day
In fact, discussion on Wall Street has shifted from wondering whether we'd retest the lows set on March 23 to what stocks should be bought in the brand-new bull market. Arguably one of the most exciting trends for the new bull market (and beyond) is cybersecurity.
If the RBNZ does adopt negative rates, New Zealand would join Japan, Sweden, Denmark and other European countries that have done the same.
(Bloomberg) -- Australia’s dollar broke through the key 70 U.S. cents mark on expectations that markets have witnessed the worst of the coronavirus’ carnage on the global economy.The Aussie jumped as much 0.9% on Friday to 70.04 U.S. cents, the highest level since early January when the virus outbreak had yet to explode into a pandemic. It has risen 27% after sliding to a near 18-year low in March, and is seen as a favored asset to buy among investors cheering the re-opening of economies from Singapore to Germany.“The Aussie is on a tear, and with markets undergoing a massive reappraisal of risk, it’s hard to rule out the currency rallying even more,” said Janu Chan, senior economist at St. George Bank Ltd. in Sydney. “The currency is one of the easiest ways for investors to express their risk sentiment, and Australia’s containment of the virus, the RBA’s refraining from going down the path of negative interest rates are certainly helping.”The Aussie could rise to 75 U.S. cents next year as it benefits from a cocktail of supportive monetary and fiscal policies, improving risk sentiment and the nation’s record trade surplus, Thomas Nash, a strategist at HSBC Bank Australia, wrote in a note. “Buying AUD in the depths of recession has been profitable in the past -- this time should be no different.”It was trading back below the key level at 69.92 cents at 5:05 p.m. Sydney time.The rebound in risk sentiment comes as a set of daily gauges from Bloomberg Economics showed almost all of the economies it monitored witnessed a pick-up in activity in the past two months. The Aussie has been particularly sensitive to these changes given the country’s position as a major commodities exporter and the developed economy with the most direct exposure to China.The currency also received an inadvertent boost from Reserve Bank of Australia Governor Philip Lowe, who refrained from talking down the currency’s strength at a recent policy meeting.Risks AboundTo be sure, there are risks to the Aussie’s gains.Rising U.S.-China trade tensions could spur fresh selloffs. Data Wednesday also showed that the Australian economy contracted in the first three months of the year, virtually guaranteeing an end to its nearly 29-year recession-free run.Economists expect the current quarter to be the most damaging for Australia.“The recent price action is an exaggerated rendition of the global economy’s normalization in the wake of the Covid-19 shock,” said Valentin Marinov, head of G-10 currency research at Credit Agricole in London. “The rally in risk-correlated and commodity currencies may start losing momentum going forward.”(Adds quotes from St. George Bank and Credit Agricole)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Investor sentiment has come roaring back to the upstart fintech company, despite a deep quarterly loss reported last month.
It’s all about the U.S labor statistics later today. How’s Trump going to spin this one? Perhaps more attacks on China…
Open Lending President and CEO John Flynn, CFO and COO Ross Jessup By John Jannarone The COVID crisis may have caused auto loan demand to stall, but investors who look closely will see it’s revving back up – and the fintech behind it matters more than ever. Open Lending’s technology that helps lenders extend more […]
Global growth in e-commerce was already well underway before coronavirus pandemic created an even bigger tailwind for this megatrend. Alibaba Group Holding (BABA) is plotting 30% revenue growth this fiscal year and another 25% growth next year — figures that top the admittedly impressive growth of Amazon. Furthermore, while Western nations continue to wring their hands over the influence of Big Tech, with President Trump and the European Union finding a rare issue of agreement as they take aim at Amazon, Alibaba remains quite cozy with the Chinese government and carries much lower political risk.
It has gotten to the point that Warren Buffett’s investment miscues are drawing the attention of President Donald Trump, who teased Buffett on Friday at the White House for dumping airline stocks before their recent surge. “Warren Buffett sold airlines a little while ago,” Trump said. It looks as if the 89-year-old Buffett erred by selling roughly 10% stakes in each of the top four U.S. airlines near the bottom in April.
Twitter founder and CEO Jack Dorsey is facing pressure from inside the boardroom and from the White House. Why it could be a recipe for stock gains.
In the current session, Mastercard Inc. (NYSE: MA) is trading at $306.64, after a 1.75% spike. Over the past month, the stock increased by 8.56%, and in the past year, by 15.22%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 11.69%.The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings.Most often, an industry will prevail in a particular phase of a business cycle, than other industries.Mastercard Inc. has a better P/E ratio of 38.54 than the aggregate P/E ratio of 17.34 of the Credit Services industry. Ideally, one might believe that Mastercard Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued.price to earnings ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * Morning Market Stats in 5 Minutes * P/E Ratio Insights for Mastercard * Morning Market Stats in 5 Minutes(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
DOW UPDATE Buoyed by strong returns for shares of Boeing and Exxon Mobil, the Dow Jones Industrial Average is soaring Friday morning. Shares of Boeing (BA) and Exxon Mobil (XOM) are contributing to the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 754 points higher (2.
As of Thursday, the Nasdaq-100 officially hit new all-time highs and has erased its coronavirus-related losses. After reaching a bottom on March 23, the index has gained nearly 43%. This recovery came after all major indices collapsed on global shutdown concerns. From the period of February 19 to March 23, the Nasdaq-100 lost roughly 30%. This recovery has received mixed reactions from investors, as much of the rebound has been propelled by the unprecedented stimulus from the Federal Reserve. Unemployment has also risen drastically, with other macroeconomic figures like GDP and Durable Goods sinking.Within the Nasdaq-100, several names have contributed to the momentum behind this rally. As of May, Tesla(NASDAQ: TSLA) remains one of the best performers, up roughly 106% YTD and over 86% in 2020 alone. In the month of June so far, the electric vehicle manufacturer is up over 3%. Another top name in the Nasdaq-100 is Regeneron Pharmaceuticals(NASDAQ: REGN). Although the biotech name has seen shares fall over 2% in June thus far, shares are still up nearly 60% YTD as the company has been a benefactor in contributing to a potential COVID-19 vaccine. And lastly, PayPal(NASDAQ: PYPL) has risen nearly 43% YTD. Despite being slightly lower to begin June, shares still touched 52-week highs Monday and then again Thursday following a bullish call from Wedbush. PayPal has proven its value in the contactless payment space, rising alongside its peers Visa(NYSE: V) and Mastercard(NYSE: MA).See more from Benzinga * Thursday's Market Minute: Will the Market Care About May Jobs? * Wednesday's Market Minute: Crude Oil Begins To Climb * Tuesday's Market Minute: Stocks VS Reality(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Don’t count Peter Tchir, head of market strategy at Academy Securities, in the markets-are-irrational camp. In an absolute stunner, the Labor Department reported 2.5 million jobs were added in May, and a decline in the unemployment rate of 1.4 percentage points to 13.3%.