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Stock Market & Financial Investment News

News Breaks
December 26, 2012
07:09 EDTMA, SKS, GPS, WMT, TGTHoliday sales show slow growth, WSJ reports
For the eight weeks from October 28 through Christmas Eve, retail sales for the holidays increased just 0.7% from a year ago, according to MasterCardís (MA) SpendingPulse unit, the slowest growth in spending since the 2008 recession, reports the Wall Street Journal. Reference Link
News For MA;SKS;GPS;WMT;TGT From The Last 14 Days
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October 30, 2014
06:47 EDTMAVisa projects mobile payments will boost growth, Reuters says
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06:28 EDTWMTMajor merchant group could accept NFC technology, NY Times says
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06:04 EDTWMTMCX says unauthorized parties obtained email addresses of CurrentC participants
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October 29, 2014
18:59 EDTMAOn The Fly: After Hours Movers
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15:41 EDTMANotable companies reporting before tomorrow's open
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13:04 EDTMAEarnings Preview: MasterCard to report after mixed competitor results
MasterCard (MA) is scheduled to report third quarter earnings before the market opens on October 30, with a conference call scheduled for 9:00 AM ET. MasterCard is a credit card network. EXPECTATIONS: Analysts are looking for earnings per share of 78c on revenue of $2.45B, according to First Call. The consensus range for EPS is 76c-81c on revenue of $2.41B-$2.49B. LAST QUARTER: MasterCard reported higher than expected second quarter profit and revenue, and said that its processed transactions jumped 12% in Q2. However, on September 17 the company estimated that its fiscal 2014 revenue growth would be at the lower end of its 2013-2015 compound annual growth rate target of 11%-14%. COMPETITORSí RESULTS: American Express (AXP) reported higher than expected profits but roughly in-line revenue on October 15, while Capital Oneís (COF) profits came in below expectations and its revenue was slightly higher than expected. A number of large banks, including JPMorgan (JPM) and Citigroup (C), said that they had seen the credit trends of customers improve last quarter. STREET RESEARCH: Barron's recently sounded a positive note on MasterCard, saying that the stock "looks reasonable" and could gain 15% in 2015, as its earnings look set to increase 15% over the next year. Also upbeat was Piper Jaffray, which predicted on October 13 that MasterCard's Q3 results would "show solid momentum," as a result of stronger U.S. consumer spending and solid cross-border volume growth. The firm did, however, slightly lower its 2015 estimates for the company, citing foreign exchange and macro headwinds.The firm remained upbeat on the company's longer term outlook, as it believes that the proliferation of mobile payments and mobile devices is accelerating the shift to electronic transactions from cash and checks. Piper trimmed its price target on the name to $88 from $91 but kept an Overweight rating on the shares. PRICE ACTION: MasterCard is up 6% in the last six months, but it's up just 4% over the last year.
11:48 EDTWMTCurrentC mobile payment system endures breach, Business Insider says
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07:53 EDTGPS, WMTMCX member stores block Apple Pay amid threat of fines, NY Times says
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October 28, 2014
15:21 EDTMAMasterCard October weekly volatility elevated into Q3 and outlook
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11:44 EDTWMTGameStop weakness on Wal-Mart news a buying opportunity, says Piper Jaffray
Piper Jaffray believes the impact of Wal-Mart (WMT) on GameStop's (GME) used business will be immaterial and views today's pullback as a buying opportunity. Piper notes that the entrance of Wal-Mart into any market should not be taken lightly, but other retailers have tried and failed before to enter the used game business and that Wal-Mart's entry actually refutes the bear thesis on GameStop that the used game business is not attractive. The firm maintains its Overweight rating and $53 price target on GameStop.
10:27 EDTWMTGameStop retreats after Wal-Mart begins selling used video games
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09:08 EDTWMTWal-Mart says 1,700 stores selling pre-owned video games
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06:56 EDTWMTWal-Mart rejecting Apple Pay for consumer 'best interests', Business Insider say
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06:38 EDTWMTApple says Apple Pay in 220,000 locations already, Business Insider reports
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October 27, 2014
10:32 EDTTGT, MAVeriFone rises after Barron's says Apple Pay positive for company
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07:15 EDTWMTWal-Mart, Best Buy among companies rejecting Apple Pay, Business Insider says
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October 26, 2014
13:28 EDTMAApple Pay could make winners of VeriFone, others, Barron's says
Apple Pay (AAPL) could provide long-term investors with confidence in Visa (V) and MasterCard (MA) as well as make winners of VeriFone (PAY), NXP Semiconductors (NXPI), and Synaptics (SYNA), Barron's contends in a feature article. Reference Link
13:23 EDTMAMasterCard looks reasonable, Barron's says
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October 24, 2014
12:21 EDTGPSAbercrombie & Fitch retreats after Goldman cuts to Sell
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October 23, 2014
13:40 EDTWMTWal-Mart's Sam's Club offering services to small businesses
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