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Stock Market & Financial Investment News

News Breaks
January 31, 2014
09:40 EDTPAY, V, MAMasterCard CEO sees migration to EMV card standard as 'necessary and critical'
MasterCard (MA) CEO Ajaypal Banga said that card security is what consumers "expect and deserve" and that a move to a new standard of EMV chip cards in the U.S. would make stealing data more difficult and would make the value of stolen data less valuable as well. Note that Visa (V) executives said on their earnings call yesterday that it is "very important" for U.S. industry to move toward new safeguards including EMV chips. Analysts have previously contended that a move to a chip card standard in the U.S. would be a positive for VeriFone (PAY), as terminals would need to be upgraded.
News For PAY;MA;V From The Last 14 Days
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May 28, 2015
13:52 EDTVVisa says Google first partner to participate in Digital Enablement Program
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May 26, 2015
20:50 EDTV, MABernstein to hold a conference
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May 22, 2015
14:09 EDTMATarget $19M settlement with MasterCard rejected by banks, Star Tribune reports
Target (TGT) and MasterCard (MA) have both confirmed that their proposed $19M settlement over Target's data breach was not approved by the requisite 90% of banks affected, which appears to send the dispute back to a federal lawsuit that is seeking class action status, reported The Star Tribune. “At this stage we will continue to work to resolve the matter,” stated MasterCard, according to the report. Reference Link
09:58 EDTPAYOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Allison Transmission (ALSN) initiated with a Buy at Stifel... Avago (AVGO) initiated with a Buy at Mizuho... Blackstone (BX) initiated with a Positive at Susquehanna... Cellectis (CLLS) initiated with an Outperform at Oppenheimer... Cypress Semiconductor (CY) initiated with a Buy at Mizuho... Esperion (ESPR) initiated with a Sell at Chardan... H&R Block (HRB) initiated with an Overweight at Piper Jaffray... Horizon Pharma (HZNP) initiated with an Outperform at Leerink... M/A-COM (MTSI) initiated with a Buy at Goldman... Meritor (MTOR) initiated with a Hold at Stifel... Micron (MU) initiated with a Buy at Mizuho... Monster Worldwide (MWW) initiated with a Neutral at Piper Jaffray... NXP Semiconductors (NXPI) initiated with a Buy at Mizuho... National Storage (NSA) initiated with a Sector Weight at KeyBanc... ON Semiconductor (ON) initiated with a Buy at Mizuho... Qorvo (QRVO) initiated with a Buy at Goldman... SanDisk (SNDK) initiated with a Neutral at Mizuho... Sharps Compliance (SMED) initiated with a Buy at Stifel... Skyworks (SWKS) initiated with a Buy at Mizuho... StemCells (STEM) initiated with a Buy at Cantor... Synaptics (SYNA) initiated with a Buy at Mizuho... Synergy Pharmaceuticals (SGYP) initiated with a Buy at Canaccord... Texas Instruments (TXN) initiated with a Neutral at Mizuho... TriNet (TNET) initiated with a Neutral at Piper Jaffray... Vascular Biogenics (VBLT) initiated with a Buy at Roth Capital... Verifone (PAY) initiated with an Outperform at Imperial Capital... uniQure (QURE) initiated with an Outperform at Oppenheimer.
05:34 EDTPAYVerifone initiated with an Outperform at Imperial Capital
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May 20, 2015
10:00 EDTV, MAOn The Fly: Analyst Initiation Summary
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07:36 EDTMA, VMasterCard Visa risk/reward positive, says Bernstein
Bernstein believes that MasterCard (MA) and Visa (V) offer secular growth, defensiveness, and cash generation. The firm says the companies have "compelling business models" and modest risk. Moreover, the firm believes that the stocks offer opportunity, as it expects investors' concerns about disruption, regulation and growth to dissipate.
May 19, 2015
16:51 EDTV, VVisa initiated with an Outperform at CLSA
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16:50 EDTMA, MAMasterCard initiated with an Outperform at CLSA
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09:03 EDTMAMasterCard announces launch of MasterCard Send
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07:32 EDTV, MAPacific Crest shifts preference to MasterCard, upgrades to buy
Pacific Crest analyst Josh Beck shifted his preference to MasterCard (MA) from Visa (V) and upgraded the stock to Overweight from Sector Weight. Beck believes interchange legislation in Europe may have an unintended consequence of benefiting global open-loop payment networks, favoring both MasterCard and Visa. The changes are also positive for eBay's (EBAY) PayPal and mixed for American Express (AXP), Beck tells investors today in a research note. He points out his preference for MasterCard relative to Visa follows the latter company's outperformance over the past year. Beck has a $110 price target for MasterCard shares. The stock closed yesterday down 14c to $93.08.
05:59 EDTMAMasterCard upgraded to Overweight from Sector Weight at Pacific Crest
May 18, 2015
14:34 EDTMAMasterCard set to receive antitrust complaint from EU, Bloomberg says
Regulators from European Union are set to issue an antitrust complaint against Master Card on card-payment fees, says Bloomberg, citing people familiar with the matter. European regulators may send the credit card giant a statement of objections before the end of July, added Bloomberg. Reference Link
07:27 EDTMAJPMorgan to hold a conference
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