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Stock Market & Financial Investment News

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March 13, 2013
13:33 EDTSMME, MA, VSmartMetric files motion for court to make infringement judgment against Visa, MasterCard
SmartMetric (SMME) has filed a motion before the Judge hearing its case brought against Visa (V) and MasterCard (MA) for patent infringement. On Monday, March 11, the company SmartMetric filed in the Federal District Court the following motion in respect to its patent infringement case against Visa and MasterCard: 1. Defendant Visa's and Defendant MasterCard's accused EMV systems literally infringe claims 1, 5-7, 11 and 13 of Plaintiff's U.S. patent 6,792,464; and 2. Defendant's affirmative defense of anticipation of claims 1, 5-7, and 13 of U.S. patent 6,792,464 is dismissed with prejudice.
News For SMME;V;MA From The Last 14 Days
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January 29, 2015
16:09 EDTVVisa says Q1 payments volume growth was 11% over the prior year
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16:08 EDTVVisa announces four-for-one stock split
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16:07 EDTVVisa reports Q1 EPS $2.53, consensus $2.49
Reports Q1 revenue $3.38B, consensus $3.34B.
15:47 EDTMAMasterCard technical comments before earnings news
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15:37 EDTMANotable companies reporting before tomorrow's open
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15:37 EDTVNotable companies reporting after market close
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13:59 EDTMAEarnings Preview: MasterCard to report amid foreign exchange worries
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13:31 EDTVVisa technical notes before earnings
On the daily chart there is a clear rounded top pattern that follows a large bullish gap and run back in October of last year. This is a bearish chart, and if we were clear of earnings news it would suggest the stock was better for a sale. As we know, patterns and chart conditions are subject to failure more in earnings season than at any other time, other than unexpected events. If there is a negative surprise, support levels to watch as potential downside objectives are at $240.98 and then at $236.65 and $228.02. The latter level is the top of the bullish gap from October. If the news is a positive surprise, resistance levels to watch as potential upside objectives are at $250.92, $258.45, and $264.47. The $260 level may be tough resistance to overcome unless the news is extremely positive.
13:24 EDTVEarnings Preview: Analysts have mixed views on Visa ahead of results
Visa (V) is expected to report first quarter earnings after the market close on Thursday, January 29 with a conference call scheduled for 5:00 pm ET. Visa is a credit card network. EXPECTATIONS: Analysts are looking for earnings per share of $2.49 on revenue of $3.34B, according to First Call. The consensus range for EPS is $2.40-$2.58 on revenue of $3.26B-$3.44B. LAST QUARTER: Visa reported stronger than expected fourth quarter profit and revenue. Its payments' volume growth increased 12%, versus the same period a year earlier. Visa maintained its outlook for revenue gains in the low double percentage levels in fiscal 2015. Visa also authorized a new $5B share repurchase program. Visa CEO Charlie Scharf said that he believes that mobile payment platforms will significantly increase Visa’s growth, Reuters reported on October 30. STREET RESEARCH: Although Visa is facing significant foreign exchange headwinds and lower gas sales could cut its volumes in the near-term, its near-term fundamentals and long-term outlook remain encouraging, Oppenheimer wrote in a note to investors on January 23..Few companies have such “strong, defensible market positions” and upbeat long-term growth prospects, the firm contended. Oppenheimer left its 2015 and 2016 EPS estimates for Visa unchanged and kept an Outperform rating on the shares. Bernstein on January 26 raised its price target on Visa to $283 from $262, citing a number of positive trends, including margin expansion caused by a shift to online purchases that have higher margins,. Also likely to help Visa are higher global payments volumes due to more favorable to macro trends and market share, and the conversion of the Chase portfolio to Visa in the U.S., the firm contended. Online purchases have higher margins partly because they have a greater percentage of credit card versus debit transactions, and are more likely to be international transactions, the firm explained. Bernstein expects Visa to report in-line Q1 EPS, but it predicts that the company’s 2015 EPS guidance will beat expectations by 6c. The firm kept an Outperform rating on the stock. Less upbeat was Wells Fargo, which predicted that Visa would report weaker than expected results. Visa’s transaction growth was probably in-line with expectations, as retailers’ comments do not indicate that it will beat expectations, the firm believes. Meanwhile, foreign exchange fluctuations are likely to weigh on Visa’s results, making a significant earnings beat unlikely, Wells believes. It kept a Market Perform rating on the stock. PRICE ACTION: Visa's stock is up 14.5% over the last three months but down 6% year-to-date.
12:12 EDTVVisa January weekly volatility elevated into Q1 and outlook
Visa January weekly call option implied volatility is at 115, February is at 33, March is at 26; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on January 29.
January 28, 2015
07:08 EDTMAMasterCard volatility elevated into Q4 and outlook
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January 27, 2015
11:38 EDTVVisa January weekly volatility elevated into Q1 and outlook
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10:04 EDTMAHigh option volume stocks: SIMG RMD SANM MA SIGM
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January 26, 2015
08:56 EDTVVisa price target raised to $283 from $262 at Bernstein
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January 23, 2015
13:59 EDTMAMasterCard confirms allowance of Cuban transactions with U.S.issued cards
MasterCard confirmed a report saying the company will allow credit card transactions in Cuba. The company will work with its U.S. issuers to support their Cuba-related activities and decisions. Before traveling to Cuba, U.S. cardholders should contact their bank to ensure the card will be supported on the island. Reference Link
13:54 EDTMAMasterCard to allow transactions in Cuba with U.S. cards, Reuters reports
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January 22, 2015
05:36 EDTMAMasterCard announces opportunity to apply for next edition of Start Path Europe
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January 21, 2015
13:38 EDTVEarnings Preview: eBay shares rise over 5.5% since last earnings report
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January 20, 2015
09:44 EDTV, MASupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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January 16, 2015
09:44 EDTMAUSA Technologies enters pact with MasterCard
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