Visa's most recent trend suggests a bullish bias. One trading opportunity on Visa is a Bull Put Spread using a strike $230.00 short put and a strike $225.00 long put offers a potential 28.21% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $230.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $225.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Visa is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Visa is bullish.
The RSI indicator is at 71.3 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Visa
Visa's Recovery From the Pandemic Has Officially Begun
Mon, 03 May 2021 14:00:00 +0000
Fiscal Q2 earnings were still down year over year, but a reviving U.S. economy is lifting the payment-processing powerhouse back to growth.
Warren Buffett on the evolution of the world's largest companies
Sat, 01 May 2021 18:30:22 +0000
At the annual Berkshire Hathaway shareholders meeting live streamed on Yahoo Finance, Warren Buffett breaks down the evolution of the world's largest companies
Is Visa the Long-Term Stock for You?
Fri, 30 Apr 2021 11:03:00 +0000
Visa (NYSE: V) was hands-down one of the best growth stories of the 2010s, with a gain of more than 700% over that decade. Payments volume — especially those tied to travel and in-person purchases, which Visa is highly reliant on — took a massive hit in the last year. Business is on the mend and there's promise Visa will return to growth in the very near future, but this isn't the only digital payments stock to look at for the long term.
Visa Inc. to Participate in Upcoming Investor Conferences
Thu, 29 Apr 2021 20:05:00 +0000
Visa Inc. (NYSE: V) today announced its participation in the following investor conferences.
Mastercard Drops After Warning Expenses Will Climb at Least 30%
Thu, 29 Apr 2021 15:58:55 +0000
(Bloomberg) — Mastercard Inc. dropped the most in more than a month after warning it will step up spending on new products.The company plans to invest more in data and cybersecurity products and boost spending on advertising and marketing, it said on a conference call Thursday. Expenses in the second quarter will climb by a percentage in the low 30s, it said, a bigger jump than the 11% increase analysts in a Bloomberg survey were expecting.The coming jump in costs overshadowed a surprise increase in revenue that Mastercard posted for the first three months of the year.“We think that given the positive momentum that we’re starting to see on the top line, it’s the right time for us to be stepping up on expenses,” Chief Financial Officer Sachin Mehra said in an interview.Mastercard shares fell 2.5% to $385.80 at 11:22 a.m. in trading in New York, paring this year’s gain to 8.1%, in line with the advance of the S&P 500 Information Technology Index.Revenue got a boost from a smaller-than-expected drop in overseas spending on the firm’s cards. Such transactions are often the most lucrative for both Mastercard and its rival Visa Inc. While such spending dropped 17% in the first quarter, Mastercard said cross-border volume climbed 66% in April from a year earlier. Spending on cross-border travel climbed 166% this month.After consumers spent much of last year sheltering in place, Mastercard and Visa Inc. are set to benefit as travel picks up and vaccines for the coronavirus begin to proliferate around the world. Visa on Tuesday said it has seen a pick-up in Americans visiting Mexico and certain countries in the Caribbean that have opened their borders to tourists.“This nightmare will be over at some point, hopefully soon,” Chief Executive Officer Michael Miebach said on a conference call with analysts.Better-than-expected overseas spending helped fuel a 4% jump in net revenue, to $4.2 billion, topping the $3.99 billion average of analysts’ estimates compiled by Bloomberg.Mastercard said overall spending on its cards climbed 10% to $1.3 trillion, helped by a 27% surge in debit volume. Results were boosted by stimulus payments the U.S. government sent directly to consumers’ bank accounts.Excluding the impact of currency swings and expenses tied to acquisitions, costs are set to rise by a percentage in the “low 20s” in the second quarter compared with the same period a year earlier, Mastercard said.“Management is opportunistically stepping up strategic investments, which combined with acquisitions will weigh on near-term estimates,” Sanjay Sakhrani, an analyst at Keefe Bruyette & Woods, said in a note to clients.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
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