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Stock Market & Financial Investment News

News Breaks
May 19, 2014
09:34 EDTMAMasterCard says U.S. business better now than Q1
Says Europe's transaction numbers are "very attractive" and Europe is looking "okay" in spending. Says the company's Latin American is beginning to stabilize. Says China is clearly slow at the moment in spending. Says rest of Asia is "bouncing along," and that in a broad perspective, the entire company is in a "decent" phase of consumer spending. Says Russian sanctions impact a small portion of domestic revenue in the country. Says U.S. debit hasn't rebounded as much as credit. Says noticed more younger people paying with debit, and banks want more people to use credit. Says commercial credit and consumer credit in U.S. is doing well. Says it is a little higher than what the company say in Q1. Says Nordic countries and Korea are the countries that pay mostly via electronically. Comments made during the JPMorgan Global Technology, Media and Telecom conference
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October 30, 2014
13:49 EDTMAVisa, MasterCard have room to rise, Barron's says
Visa (V) and MasterCard (MA) both reported better than expected results and moved sharply higher on the session. Despite the advance, they still have room to run higher as both companies are actively repurchasing shares, growing rapidly, and maintain a virtual duopoly in the credit card market, Barron's reports. Reference Link
12:59 EDTMAOn The Fly: Midday Wrap
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12:03 EDTMAChina signals easier restrictions on foreign credit cards, WSJ says
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11:44 EDTMAVisa, MasterCard advance after results beat expectations
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09:34 EDTMAMasterCard CEO says first few weeks of Apple Pay 'very encouraging'
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09:30 EDTMAMasterCard still sees net revenue CAGR 11%-14% in FY13-FY15
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09:28 EDTMAMasterCard says most business drivers up in October versus Q3
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09:27 EDTMAMasterCard says FY14 net revenue growth view now 'slightly better' than prior
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09:19 EDTMAMasterCard CEO says mobile strategy is to work with 'all players'
MasterCard (MA) CEO Ajaypal Banga says that while the company has worked closely with Apple (AAPL) on Apple Pay, which has garnered significant attention, that the company's strategy for mobile payments will be to work with "all players" to make it as easy as possible for all MasterCard customers.
09:14 EDTMAMasterCard CEO says nothing new to report on European legislation
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09:14 EDTMAOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Visa (V), up 4%... MasterCard (MA), up 2.5%... Alcatel-Lucent (ALU), up 12.5%... TASER (TASR), up 4%... JDSU (JDSU), up 3.8%... Radian Group (RDN), up 9%... DreamWorks Animation (DWA), up 1.7%... Take-Two (TTWO), up 7.7%. ALSO HIGHER: Grand Canyon (LOPE), up 10.5%, upgraded at Piper Jaffray after the company formed a committee to explore conversion to a nonprofit entity... Walter Energy (WLT), up 6.8% after lowering FY14 capital expenditures view, reporting lower than expected losses... Novavax (NVAX), up 7% after getting fast track designation for H7N9 VLP. DOWN AFTER EARNINGS: Glu Mobile (GLUU), down 16.6%... Alliance Fiber Optic (AFOP), down 18.4%... Pacira (PCRX), down 6.4%. ALSO LOWER: Sturm, Ruger (RGR), down 10% following Q3 results, cutting Q3 dividend. Peer gunmaker Smith & Wesson (SWHC) also down 3.7% after Ruger's report... Western Gas Partners (WES), down 4.4% after its 7.5M common units spot secondary priced at $70.85... ACCO Brands (ACCO), down 1.1%, downgraded at KeyBanc following the company's Q3 results... Fiat Chrysler (FCAU), down 1.1% after reported to be recalling over 300K Ram trucks due to fire concern... Inogen (INGN), down 2.3% after 2.1M share secondary offering of common stock priced at $21.50.
08:03 EDTMAMasterCard reports Q3 EPS 87c, consensus 78c
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06:47 EDTMAVisa projects mobile payments will boost growth, Reuters says
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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%. COMPETITORS’ RESULTS: American Express (AXP) reported higher than expected profits but roughly in-line revenue on October 15, while Capital One’s (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.
October 28, 2014
15:21 EDTMAMasterCard October weekly volatility elevated into Q3 and outlook
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October 27, 2014
10:32 EDTMAVeriFone rises after Barron's says Apple Pay positive for company
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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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