6.18k followers • 20 symbols Watchlist by Motif Investing
With the growing adoption of electronic payments in emerging markets, global issuance of payment cards is projected to grow 36% to 18.3 billion during 2011-2016.
PayPal Holdings, Inc.
American Express Company
Global Payments Inc.
FLEETCOR Technologies, Inc.
Jack Henry & Associates, Inc.
Euronet Worldwide, Inc.
ACI Worldwide, Inc.
Green Dot Corporation
Net 1 UEPS Technologies, Inc.
VeriFone Systems, Inc.
Amazon.com (NASDAQ: AMZN) and PayPal Holdings (NASDAQ: PYPL) have been crushing the market all year long, and both look like fantastic buys today -- with or without another game-changing health crisis. The smiling Amazon logo is virtually synonymous with "online retail," and the industry as a whole has been crushing traditional big-box stores and strip malls for a couple of decades. At the same time, Amazon's revenues rushed 26% higher.
Square's (NYSE: SQ) Cash App is worth between $27 billion and $30 billion in enterprise value, according to an estimate from MoffettNathanson analyst Lisa Ellis. Cash App's user base is growing rapidly, and Square is monetizing its users extremely well. The company said it was on pace to generate $30 per year on average from its 24 million Cash App in December.
The direction of the NZD/USD on Friday is likely to be determined by trader reaction to the minor 50% level at .6483.
Wirecard North America’s banking partners are standing by the stricken company as it seeks a sale that is likely to attract interest from buyers including fintech, workplace payments and gift card groups. Wirecard NA, a Pennsylvania-based card issuer which the German payments company bought from Citigroup in 2016, put itself up for sale on Monday, declaring that it was operating independently of its bankrupt parent. “At this point we do not have concerns about our relationship with Wirecard North America,” said Sunrise Banks, one of the three banking partners that hold funds for Wirecard NA’s clients.
Top Research Reports for Netflix, Exxon Mobil & Amgen
Behind every monster stock is almost always a company driving tremendous change to an industry. Experienced investors can remember how Amazon transformed both retail -- and later -- the information technology industry. Buying Amazon or Netflix could still keep one rich.
The Zacks Analyst Blog Highlights: Amazon.com, Snap, Netflix, PayPal and Match Group
WEX's business savings network allows small fleets and small businesses avail highly curated and discounted offers that are otherwise available only to large companies.
We are almost done with the second quarter. Investors decided to bet on the economic recovery and a stock market rebound. S&P 500 Index returned almost 20% this quarter. In this article we look at how hedge funds traded Visa Inc (NYSE:V) and determine whether the smart money was really smart about this stock. Is […]
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
The IRS says many people threw out their prepaid stimulus cards by mistake, and is mailing letters about unactivated cards
Before the coronavirus pandemic swept the globe, the Amtrak Guest Rewards World Mastercard was a great deal for David White. White, who lives in Baltimore and works for a software firm, used to ride the train frequently — and with the credit card, he was able to rack up points that he could convert into free tickets. Adding to White’s frustration: The card comes with a $79 annual fee, and there aren’t many competitive options to redeem the rewards points for non-travel-related uses, he said.
This is the most enthusiasm I've ever seen in stock markets. Not from the size of the rally, but rather because the indices are setting all-time highs in the face of the toughest economic conditions ever. We still have 20 million people unemployed, if not more. Yet Wall Street is blindly buying tech ETFs in droves. The equity markets have already recovered in a "v" and more. The government aide packages are hiding the deep wounds that still exist in our economy. Just this morning, Congress passed the extension of the Paycheck Protection Program.Much of the risk appetite is favoring high risk momentum stocks. These are companies whose products and services serve the new world order of digital delivery and subscription models. Some of the ones making new highs are Peloton (NASDAQ:PTON), Zoom Video (NASDAQ:ZM) and even the older gurus like Salesforce (NYSE:CRM). The Nasdaq recovered best out of the quarantine crash, and in fact it has already set all-time-highs this morning with no let-up in sight.The bulls are tag-teaming MVP's, so they sell one group to rotate into another. For a while they chase mega-cap tech like Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB) and Netflix (NASDAQ:NFLX). Then on other days when they sell those, they roll their profits into frothier tickers like ZM and Roku (NASDAQ:ROKU).InvestorPlace - Stock Market News, Stock Advice & Trading TipsI am usually optimistic about the stock markets, but I have serious worries these days. Last year, I wrote about buying every dip stemming from the China trade war headlines. This is different because the U.S. went from full employment last year to maximum unemployment this year. The economic reports may look fine, but the wound from the quarantine is bleeding internally. This is not evident while the government is spending trillions of dollars supporting the deficit. The election season will pass and the politicians will lose interest in quantitative easing programs.Caution is warranted while markets behave like it's 1999. Investors should fade this extreme exuberance in the Nasdaq using the following three exchange-traded funds. I feel a little guilty for my negative tone, but in my defense, I suggested going long on the April 21 dip. Back then, it served as the base for this incredible 25% rally in these tech ETFs: * Invesco QQQ Trust (NASDAQ:QQQ) * VanEck Vectors Semiconductor ETF (NASDAQ:SMH) * Technology Select Sector SPDR Fund (NYSEARCA:XLK)I will start by sharing my order of preference on these bearish bets. Out of these three tech ETFs, the SMH seems the weakest because it has the most lower-highs in the last two weeks. Then the XLK because it has at least one recent failed breakout. Finally, only the QQQ is in open space and has no recent fails since it just made new highs. Tech ETFs to Trade: Invesco QQQ Trust (QQQ)Source: Charts by TradingView The QQQ is the main Nasdaq ETF that traders most often use. It is heavily concentrated with the top dogs and they are the great American companies led by Microsoft (NASDAQ:MSFT), Apple, Amazon (NASDAQ:AMZN), Facebook and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). The top five make up almost half of the the entire basket. The call today is to fade the rally into the Fall season. Placing a bearish bet on the QQQ stock is simple when using options. Shorting the stock outright is too risky because it opens unlimited risk for as long as the rally continues.I realize that doing this now is going against the grain because it suggests fighting the Federal Reserve and the tape. Using options, investors can buy a long-term debit put spread to capture at least a 10% correction. This is a directional position that needs a drop to profit and time is its enemy. At the close of yesterday, traders could buy the December $242 / $232 debit put spread for $3 debit. This is the maximum potential loss per contract. To win, the QQQ has to fall ideally through both legs. The maximum upside potential is then $7 per contract. Those who have a bigger risk appetite can buy the $232 put naked for a cost of $12.80 per contract. In this runaway market that's a big ask.To lower or eliminate the entry cost, an alternative method is sell bear call spreads, which would leave room for error. The advantage here is that profits can come without a correction. All it needs to win is that the QQQ not rally more than 10% from here. For example, the December $280 / $285 credit call spread could pay $1.50 per contract. The advantage of this is that the price can rally and it can still win. Technology Select Sector SPDR Fund (XLK)Source: Charts by TradingView The XLK is another popular tech ETF and it is also heavily weighted with Microsoft and Apple, which make up more than 40% of it. But the XLK is also heavily influenced by Fintech. Visa (NYSE:V), MasterCard (NYSE:MA) and PayPal (NASDAQ:PYPL) to name three make up almost 15% of it. This complicates matters a little bit for the bears because they would be shorting two different hot concepts. Wall Street is not only in love with tech, but they are almost even more enamored with Financial Tech. PYPL stock rallied 115% off the Covid-19 low and is now miles above its prior highs. This is a good illustration of my concern.I understand the concept of momentum trading very well, but I usually prefer chasing a specific breakout. In this case, the bids are system wide and investors are buying whatever regardless of thesis. Investing is not that easy and there will be pain for many. The first step is to avoid chasing into such froth, and placing a few bearish bets makes sense. Both concepts here are over extended, so they are vulnerable to hiccups.Again, here the easy method is to buy some downside scenarios in the put options out until the end of the year. Placing shorter-term bets could pay quicker but then time becomes a worse liability. The XLK stock is just as exposed as the QQQ, so it comes down to a matter of taste. I find it easier to manage my trade with the QQQ than this one.The XLK has support through $100 per share, but if they lose it, the bears could try to target another $5 drop. Once again, my call today is not one of doom and gloom, but it would be normal to retrace prices back to the May breakout levels without changing the overall bullish thesis. The bulls can retain control for as long as they maintain the higher-low trend. Meaning, I would buy the dips when they come. VanEck Vectors Semiconductor ETF (SMH)Source: Charts by TradingView Another concept that investors are loving this year are chip stocks and they are best represented by the SMH. This tech ETF is heavily weighted by Taiwan Semiconductor (NYSE:TSM), Intel (NASDAQ:INTC) and Nvidia (NASDAQ:NVDA). These three account for almost 30% of the fund. I am a big fan of Intel and Nvidia stock and I wrote about buying every dip in them. Like the XLK, SMH's chart has support just below current levels and a pivot zone at $142 per share. The bulls will defend the zone vigorously because they are an emotional bunch over these stocks. To short the SMH from relative safety, buy the Nov $130 / $120 debit put spread for under $2 per contract. This is a reasonably priced opportunity to capitalize on a correction this Fall.As noted earlier, these ideas go against the grain when it comes to tech ETFs. In addition, the Nasdaq is going into a seasonally bullish period. Although, I don't usually trade hype like this, it is important to acknowledge that this is yet another reason why shorting this insane rally caries unusual risk. The methods discussed today use finite potential, so they are not reckless. There are dozens of other ways to approach tech ETFs today, but simple vertical put spreads are the easiest to explain and execute.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 3 Tech ETFs to Short Along With Covid-19's Resurgence appeared first on InvestorPlace.
Farewell 2Q20 - the best quarter for stocks since 1998. While everyone has been trying to make sense of the almost absurd market gains, the facts cannot be denied. One of which is that between the market meltdown in March and the beginning of Q3, many stocks notched all-time highs. Fintech company Square (SQ) stands among these highflyers. Shares doubled during 2Q, and at the end of Tuesday June 30’s session, the financial disruptor was looking down on Wall Street from the vantage point of a record $104.94 per share. After this impressive rally, can Square keep on surging? That was the issue on Kenneth Hill’s mind as the Rosenblatt Securities analyst sat down to downgrade Square’s rating, believing its “EPS estimates remain as pessimistic as ever.” However, Hill was confronted with information which required a change of direction. “The disconnect between near-term EPS expectations and price performance initially set us to work on a downgrade note. As we did the work to support a downgrade thesis though, we found more to the long-term story than we anticipated,” Hill commented. With Square, as Hill found out, it is all about the Cash App, whose potential, Hill says, “can't be overlooked.” “We were forced to re-evaluate the opportunity set and our valuation methodology, as we see Cash App revenue (ex. bitcoin) increasing by more than 3x over the next 5 years,” the analyst added. Square’s peer-to-peer offering saw 9 million new MAUs (monthly active users) join in 2019, with figures “accelerating through the pandemic.” Ecosystem engagement has been boosted by the popular Direct Deposit feature, and although the Cash App has yet to generate positive EBITDA, Cash Card adoption and spend brings it to “the brink of materially increasing revenues.” By the end of 2025, the 5-star analyst estimates the Cash App will bring in revenue that lands “in the $3.4 billion range.” Summing up his altered thesis, Hill said, “As Square develops, rolls out, and monetizes a slew of services across the payments and financials ecosystems, it will lay the groundwork to make the company a need-to-own name for years to come.” All of this leads Hill to upgrade Square from Neutral to Buy, while increasing the price target from $69 to $121. What’s in it for investors? Upside potential of 4%. (To watch Hill’s track record, click here) Among the 26 analysts tracked over the last three months, 11 say Buy, 11 say Hold, and 4 say Sell. The Moderate Buy consensus rating comes with an $89.24 average price target, which suggests downside potential of 23% over the next 12 months. (See Square stock analysis on TipRanks)
Sixteen banks from Germany, France and three other euro zone countries on Thursday said a "truly European" payments system was expected to be up and running in 2022 to fully digitalise a region where half of all retail payments are still in cash. European Union policymakers and central bankers have long sought a "home grown" rival to take on Mastercard <MA.N> and Visa <V.N> from the United States, and more recently tech giants like Alipay and Google <GOOGL.O>. The European Central Bank on Thursday welcomed the banks' decision to launch the unified European payment system by 2022, after advocating for years an industry-driven solution to compete with the likes of Mastercard and Visa.
DOW UPDATE The Dow Jones Industrial Average is rallying Thursday morning with shares of Exxon Mobil and American Express delivering strong returns for the blue-chip average. Shares of Exxon Mobil (XOM) and American Express (AXP) have contributed to the index's intraday rally, as the Dow (DJIA) is trading 386 points higher (1.
Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) (Nasdaq: UEPS; JSE: NT1) today announced that it has launched its automated onboarding payment gateway solution across Europe, offering local merchants a fast and simple plug-and-play payment solution available on www.ceevo.com to help them capitalize on growing cross-border ecommerce opportunities. Net1’s Ceevo, formerly known as the International Payments Group, leverages its international reach and financial and technological expertise, to handle all the complexities of international payments including security, regulation, and a vast range of payment options so that merchants can focus on growing their businesses.