Visa (V) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Visa (V) closed at $206.40, marking a -0.12% move from the previous day. This change lagged the S&P 500’s 1.64% gain on the day. Elsewhere, the Dow gained 0.88%, while the tech-heavy Nasdaq added 2.56%.

Loading...

Load Error

Prior to today’s trading, shares of the global payments processor had gained 2.53% over the past month. This has outpaced the Business Services sector’s loss of 2.61% and the S&P 500’s gain of 2.44% in that time.

V will be looking to display strength as it nears its next earnings release, which is expected to be October 28, 2020. The company is expected to report EPS of $1.10, down 25.17% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $5.03 billion, down 17.96% from the year-ago period.

Investors might also notice recent changes to analyst estimates for V. These revisions help to

Read More

Strong gains for technology stocks send Wall Street higher

NEW YORK — Stocks marched higher again on Monday, as Wall Street extended its gains from last week’s rally, the market’s best in three months.

The market’s latest upward push came as Wall Street appeared to largely shrug off the latest signs that Democrats and Republicans are no closer to reaching a deal on more aid for the economy, which remains hobbled by the pandemic. Over the weekend, Democratic House Speaker Nancy Pelosi criticized the latest offer from the Trump administration on a stimulus package as “one step forward, two steps back,” while the president’s fellow Republicans called it too expensive.

Investors may

Read More

Wall Street Adds More Gains to Last Week’s Rally; Tech Leads | Business News

By STAN CHOE and ALEX VEIGA, AP Business Writers

Stocks are pushing higher on Wall Street in afternoon trading Monday and tacking more gains onto last week’s market rally, its best in three months.

The S&P 500 was 1.8% higher, following up on strengthening in stock markets around the world. The Dow Jones Industrial Average was up 308 points, or 1.1%, at 28,895, as of 12:35 p.m. Eastern time, and the Nasdaq composite was 2.6% higher.

The gains are being driven mostly by Big Tech stocks, whose businesses have proven to be practically impervious to the pandemic, rather than companies that would benefit from a strengthening economy.

Apple climbed 5.4% and alone accounted for nearly a quarter of the S&P 500’s rise. Amazon gained 5.1%. Both companies have events coming up this week, with Apple expected to unveil its latest batch of iPhones on Tuesday and Amazon holding its Prime

Read More

Wall Street adds more gains to last week’s rally; tech leads

NEW YORK (AP) — Wall Street is pushing higher in Monday morning trading and tacking more gains onto last week’s rally, its best in three months.

The S&P 500 was 0.9% higher, following up on strengthening in stock markets around the world. The Dow Jones Industrial Average was up 165 points, or 0.6%, at 28,752, as of 10:23 a.m. Eastern time, and the Nasdaq composite was 1.4% higher.

Monday’s market gains were driven mostly by Big Tech stocks, whose businesses have proven to be practically impervious to the pandemic, rather than companies that would benefit from a strengthening economy.


Apple rose 3.4% and alone accounted for nearly a quarter of the S&P 500’s rise. Amazon gained 3.3%. Both companies have events coming up this week, with Apple expected to unveil its latest batch of iPhones on Tuesday and Amazon holding its Prime Day on Tuesday and Wednesday.

Microsoft also climbed

Read More

Wall Street adds more gains to last week’s rally; tech leads | Business

NEW YORK (AP) — Wall Street is pushing higher in Monday morning trading and tacking more gains onto last week’s rally, its best in three months.

The S&P 500 was 0.9% higher, following up on strengthening in stock markets around the world. The Dow Jones Industrial Average was up 165 points, or 0.6%, at 28,752, as of 10:23 a.m. Eastern time, and the Nasdaq composite was 1.4% higher.

Monday’s market gains were driven mostly by Big Tech stocks, whose businesses have proven to be practically impervious to the pandemic, rather than companies that would benefit from a strengthening economy.

Apple rose 3.4% and alone accounted for nearly a quarter of the S&P 500’s rise. Amazon gained 3.3%. Both companies have events coming up this week, with Apple expected to unveil its latest batch of iPhones on Tuesday and Amazon holding its Prime Day on Tuesday and Wednesday.

Microsoft also climbed

Read More

Japan’s machinery orders extend gains as business spending stabilises

TOKYO (Reuters) – Japan’s core machinery orders unexpectedly rose in August, extending gains and highlighting resilience in capital spending even as the economy remains under pressure from the coronavirus pandemic.

FILE PHOTO: A humanoid robot works side by side with employees in the assembly line at a factory of Glory Ltd., a manufacturer of automatic change dispensers, in Kazo, north of Tokyo, Japan, July 1, 2015. REUTERS/Issei Kato

The modest increase in core orders was a welcome sign of strength for the economy however, companies are still struggling from the hit to their corporate earnings.

Core machinery orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, grew 0.2% in August after a 6.3% rise in July.

The rise, which was due to strong orders for general production machinery as well as petroleum and coal products, was better than a

Read More

European Stocks Rack up Second Week of Gains, Pandora Leaps | Investing News

(Reuters) – European stocks posted a second consecutive week of gains on Friday as bumper forecasts from Denmark’s Pandora and Novo Nordisk set a brighter tone for the earnings season, while investors kept an eye out for signs of fresh U.S. stimulus.

The STOXX 600 index <.STOXX> ended up 0.6% to close the week with a gain of 2.1%.

Global equities advanced this week as growing expectations the Democratic party will win U.S. elections next month revived hopes for more economic stimulus there.

In Europe, a string of mergers and acquisitions as well as a rebound in beaten-down sectors like travel & leisure <.SXTP>, banks <.SX7E> and oil & gas <.SXEP> lifted regional markets.

Shares of aircraft engine maker Rolls Royce

have almost doubled in value since Monday, while British Airways owner-IAG

jumped 13.2%.

Jewellery maker Pandora rose 17.2% to the top of STOXX 600 on Friday after hiking its

Read More

Penny stocks are cheap and often see massive gains, but they’re also very risky. Here’s what you should know before investing.



On the plus side, penny stocks offer a cheap chance to buy a winner; on down side, they can be hard to research and trade. Bill Oxford/Getty Images


© Bill Oxford/Getty Images
On the plus side, penny stocks offer a cheap chance to buy a winner; on down side, they can be hard to research and trade. Bill Oxford/Getty Images

  • Penny stocks are securities that trade at less than $5 per share, often in unsupervised over-the-counter markets.
  • Penny stocks are considered lucrative but high-risk investments: volatile, illiquid, and often subject to scams.
  • Investors interested in penny stocks should deal with those listed on larger exchanges and sold by established brokers.
  • Visit Insider’s Investing Reference library for more stories.

Penny stocks have become more popular than ever, tempting investors with a low cost of entry and the prospect of significant financial gains. Stories of shares making gains of over 4,000% in just months add to their appeal, and new trading technology makes it easier than ever to enter the market.

Loading...

Load Error

But while they can be lucrative,

Read More

Advoco Gains Global Recognition, Selected as Infor Business Partner of the Year

Advoco, a leading Infor EAM consulting firm, was named North America Business Partner of the Year by Infor, a global leader in business cloud software specialized by industry. The award is part of the Infor 2020 Partner Excellence Awards.

A company focused on Infor EAM training, implementation, and integration, Advoco was evaluated against other Infor partners in several key areas. Of the organizations considered for the 2020 award, Advoco had the second largest value of influenced bookings in North America and the largest sum of net new referrals globally.

Marty Osborn, partner at Advoco, commented, “Advoco is the only Infor EAM consulting firm that has over 100 in-house associates exclusively focused on EAM, allowing us to provide the necessary resources when clients need them. Earning the title of Trusted Advisor is the heart and soul of our company.” Osborn continued, “Our customers know that maintenance matters as much to us

Read More

Lowe’s Gains From Home Improvement Business & Online Sales

Home renovation and maintenance activities have been gaining prominence lately, thanks to increased stay-at-home practices amid the coronavirus pandemic. The trend has been benefiting certain home improvement market players, including Lowe’s Companies, Inc. LOW. This apart, the company’s efforts to expand digital offerings is worth appreciating. These upsides were well-reflected in the company’s second-quarter fiscal 2020 results, with the top and the bottom line improving year on year. Let’s dig deeper.

Bright Prospects in Home Improvements Market

Growing inclination toward home improvement projects is quite visible in Lowe’s second-quarter fiscal 2020 results. Comparable sales (comps) for the company’s U.S. home-improvement business increased 35.1% in the second quarter, following an increase of 12.3% in the first quarter.

In the reported quarter, comps gained from sturdy project demand from DIY and pro customers across channels, product categories and geographies. It saw comps growth of more than 20% across all its merchandising divisions,

Read More