News For MA From The Last 14 Days Check below for free stories on MA the last two weeks.
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February 9, 2010
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| 09:02 EDT |  | MA |
| theflyonthewall.com: | Capital One to hike interest rates, Telegraph reports | | Capital One (COF) plans to almost double the interest rates it charges some of its card holders, according to the Telegraph. Some of Capital One's customers will see their interest rates surge more than 7%. The increases are scheduled to be implemented in March or April. Reference Link :theflyonthewall.com |
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February 6, 2010
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| 15:46 EDT | | MA |
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February 5, 2010
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| 09:00 EDT |  | MA |
| | 08:14 EDT |  | MA |
| | 06:04 EDT |  | MA |
| theflyonthewall.com: | MasterCard upgraded to Outperform from Market Perform at Wells Fargo | | Wells Fargo upgraded MasterCard to Outperform on valuation as it views the sell-off in shares post the company's Q4 results as unwarranted. :theflyonthewall.com |
| | 05:59 EDT | | MA |
| theflyonthewall.com: | MasterCard weakness a buying opportunity, says Keefe Bruyette | | Keefe Bruyette recommends using the MasterCard shares following the company's earnings report as a buying opportunity. The firm maintains an Outperform rating on the stock with a $313 price target. :theflyonthewall.com |
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February 4, 2010
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| 21:36 EDT | | MA |
| | 13:43 EDT | | MA |
| theflyonthewall.com: | MasterCard shares defended at Goldman | | :theflyonthewall.com |
| | 12:32 EDT | | MA |
| theflyonthewall.com: | MasterCard upgraded to Strong Buy from Buy at Duncan-Williams | | :theflyonthewall.com |
| | 12:10 EDT | | MA |
| | 10:48 EDT |  | MA |
| theflyonthewall.com: | MasterCard trades lower following Q4 report | | MasterCard (MA) shares are trading lower this morning following the release of its Q4 results. The company reported Q4 EPS of $2.43, excluding items, missing analysts' consensus estimate of $2.46. Revenue was $1.3B, in line with analysts' estimates and a 6% increase from the same period in 2008. Worldwide purchase volume during the quarter rose 5.7% on a local currency basis to $510B. Operating margin for the quarter was 36.1% and transactions processed rose 6.7% to $5.9B. On the earnings conference call, the company said it doesn't expect "meaningful" global economic improvement until 2H10, and noted consumers are "growing weary" and preparing for a longer than expected economic slowdown. For 2010, the company expects advertising and marketing expenses up in the mid single digits and sees total operating expenses flat to slightly lower. Average annual net income growth is expected in the 20%-30% range in 2010, with a 34.5% effective tax rate. MasterCard shares are down $16.91, or 6.83%, to $230.94 in mid-morning trading. :theflyonthewall.com |
| | 10:45 EDT | | MA |
| | 10:43 EDT | | MA |
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| theflyonthewall.com: | MasterCard Q4 operating margin 36.1% | | :theflyonthewall.com |
| | 08:14 EDT | | MA |
| | 08:13 EDT | | MA |
| | 08:12 EDT |  | MA |
| theflyonthewall.com: | MasterCard reporys Q4 EPS ex-items $2.43 vs. consensus of $2.46 | | Reports Q4 sales $1.3B vs. consensus of $1.3B. :theflyonthewall.com |
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February 3, 2010
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| 16:45 EDT | | MA |
| theflyonthewall.com: | On The Fly: U.S. Market Wrap-Up for Wednesday 2/3 | | The futures were higher in early trading, but weakened prior to the open. The weakness caused the averages to open slightly lower. Almost immediately, however, the indices moved into positive territory. It looked as if the market would put together its first three day winning streak in several weeks. At 10:00 am, the ISM non-manufacturing report came out slightly below expectations, and that was enough to halt the upside momentum of the averages and push them lower. Once in negative territory, the market traded in a fairly narrow range for the remainder of the day…The Dow fell 26.30 to 10,270.55, the S&P lost 6.04 to 1,097.28, and the Nasdaq gained 0.85 to 2,190.91…Among the biggest gainers: Borders Group (BGP) surged 38.3% to $1.30 after noted investor William Ackman commented that the company was unlikely to go bankrupt. Home Diagnostics (HDIX) soared 87.3% to $11.45 after agreeing to be purchased by Nipro Corp. for $11.50 a share…The losers included: Exide Technologies (XIDE) which slumped 23.2% to $6.08 after Wal-Mart (WMT) decided to drop the company as its automotive battery supplier. Ryder System (R) dropped 7.8% to 34.45 after forecasting Q1 EPS that widely missed analysts’ estimates…CURRENCY: The dollar closed 0.68% higher on the yen at 90.98 and 0.51% lower on the euro at 0.7197…COMMODITIES: Crude oil closed down 0.26 to 76.97...Natural gas lost 0.05 to 5.41...Gold was lower by 5.60 to 1,112.40…ECONOMIC DATA: The ADP National Employment Report showed private sector employment decreased by 22,000 in January. January's ADP Report estimates non-farm private employment in the service-providing sector increased by 38,000. Employment in the goods-producing sector declined 60,000, while employment in the manufacturing sector dropped 25,000...January's ISM non-manufacturing index came in at 50.5, slightly below the consensus of 51.0...Challenger's count of layoff announcements jumped to 71,482 in January, well above December's 45,094...The MBA Purchase Index jumped 10.3% in the January 29 week. The EIA Petroleum Status Report came in as follows: Crude inventories 2.32M build vs. consensus of 400K build. Gasoline inventories 1.31M draw vs. consensus of 1.4M build. Distillates 948K draw vs. consensus of 1.15M draw. Tomorrow…Chain Store Sales, Monster Employment Index, Jobless Claims, Productivity and Costs, RBC Cash Index, Factory Orders, and EIA Natural Gas Report are due…Notable companies reporting Thursday before the opening bell include: Allergan (AGN), Avon (AVP), Chicago Mercantile Exchange (CME), Cigna (CI), Cincinnati Financial (CINF), Hospira (HSP), Kellogg (K), MasterCard (MA), Moody’s (MCO), Sara Lee (SLE), Snap-On (SNA), Spectra Energy (SE), and Starwood Hotels & Resorts (HOT). :theflyonthewall.com |
| | 13:41 EDT | | MA |
| | 11:15 EDT | | MA |
| theflyonthewall.com: | Earnings Preview: MasterCard should benefit from stabilizing credit card volumes | | MasterCard (MA) is expected to report Q4 earnings before the market open on Thursday, February 4, with a conference call scheduled for 9am ET. The consensus estimate is $2.46 for EPS and $1.3B for revenue, according to First Call. In early November the company reported Q3 EPS $3.48 vs. consensus of $2.94 and revenue revenue $1.4B vs. consensus of $1.35B. On the Q3 conference call CFO Martina Hund-Mejean said that for Q4, the company expects its rebates and incentives line to be significantly higher versus Q4 of last year due to new and renewed customer agreements, as well as rebates relating to recently implemented pricing initiatives. She said the company continues to expect FY09 total operating expenses will be down on a year-over-year basis and now expects to incur additional severance charges in Q4. MasterCard expects to achieve at least 20% net income growth for 2009, the executive said. Selander noted that the company "feels better" about the current economic environment and sees stabilization and improvement in payment trends. On January 22, Oppenheimer said, Visa and MasterCard should report healthy earnings this year.The firm predicts that the earnings of both Visa (V) and MasterCard (MA) will increase 20% or more during 2010. The firm also expects the stocks' multiple to increase slightly and it reiterates Outperform ratings on both stocks. On January 29, Lazard Capital said, MasterCard's recent weakness was a buying opportunity. The firm recommends using the recent weakness in MasterCard shares as a buying opportunity. The firm expects the company's Q4 results on February 4 to "satisfy investors" and reiterates a Buy rating on the stock. :theflyonthewall.com |
| | 06:59 EDT | | MA |
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February 2, 2010
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| 09:00 EDT | | MA |
| | 06:08 EDT |  | MA |
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January 31, 2010
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| 21:51 EDT | | MA |
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January 29, 2010
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| 08:28 EDT | | MA |
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