Wait for Visa Stock to Fall Below $200 Before Buying It

a close up of a sign: several Visa (V) branded credit cards

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several Visa (V) branded credit cards

Visa (NYSE:V) stock has quickly remade the ground it lost due to the novel-coronavirus pandemic. Shares of the multinational financial-services firm are now up almost 9% in 2020, despite the shares falling to as low as $133.93 per share in March. Bulls who bought Visa stock at that point are now laughing their way to the bank.

a close up of a sign: several Visa (V) branded credit cards

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several Visa (V) branded credit cards

Considering the stock is still trading at a discount to its 52-week high of $217.35, many are wondering if the shares can climb further.

Visa Is Still Facing Adversity

Covid-19 is still very much a reality. This crisis is not expected to end until early next year. And Visa’s transaction volumes will probably not recover to pre-pandemic levels for awhile.

So the fact that the shares are now trading north

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M&T Bank: A Cheap Valuation Sets Up The Stock To Bounce After Third Quarter Earnings (NYSE:MTB)

Investment Thesis

Headquartered in Buffalo, New York, M&T Bank Corporation (MTB) is a $140 billion asset holding company and parent to M&T Bank. MTB has offices located throughout the Northeastern United States. Specifically, the bank has 785 branches located in Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, and a few other states.

While MTB is more of your classical “loans and deposits” type community banks, relative to super regional peers, it does have a strong wealth management presence associated with its Wilmington Trust business. While most other banks focus on growth first, I believe MTB is more focused on sound credit quality above all else. As one can see from the charts below (under “Credit Analysis”), the bank did quite well during the last recession in terms of credit pain.

As one can see from the valuation chart below, the current valuation (in terms of Price to Tangible

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Why Foot Locker Stock Is the Cheap Way to Ride Nike Higher

Cross-related business trends of one company often help other companies in their food chain. This definitely can be true in the world of retail and apparel, particularly in an age in which the retail apocalypse seems to have been sped up by years thanks to COVID-19.

According to BofA Securities, Foot Locker Inc. (NYSE: FL) should see its recovery continue. The firm raised its rating in a two-notch upgrade to Buy from Underperform and it lifted its price objective to $50 from $20. If the firm’s Robert F. Ohmes and Alexander Perry are correct, then Foot Locker just went from having over 40% potential downside to having almost 35% in potential total return upside, if its dividend is included.

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The BofA team specified that Nike Inc. (NYSE: NKE) product cycles are positioning Foot Locker well for the coming holiday sales trends. In fact, the

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Stock picks to buy, 44 cheap companies poised to surge: Morgan Stanley

  • Taking newly-released economic data into consideration, a team of Morgan Stanley equity strategists reiterated their belief that a V-shaped economic recovery is underway.
  • They explained why Phase III vaccine data in November could be the catalyst for the recovery to gain further momentum and drive the reopening ahead. 
  • The team used quantitative screening and leveraged analyst research to identify 44 stocks across industries that are poised to surge as the economic rebound and reopening take off. 
  • Visit Business Insider’s homepage for more stories.

Seven months into the coronavirus pandemic, questions still remain around whether the economy is still headed for a V-shaped recovery.

Morgan Stanley’s equity strategy team think it’s a firm “yes.”

Newly released economic data including expanding global purchasing-manager indexes, rising retail sales in the US and Europe, increasing global trade volume, and decreasing inventory levels are all pointing to an ongoing economic rebound, Morgan Stanley said in

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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%.


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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

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Here’s why I’d still buy cheap UK shares to make a million after the stock market crash

With the FTSE 100 index sitting at around 6,000 points, you may be wondering why on earth now would be a good time to buy UK shares. After all, the index is in the same position it was in 2016, and has failed to bounce back as strongly as its US counterpart, the S&P 500.

On top of this, the UK economy is in tatters as a result of the impact of Covid-19, which is showing no sign of letting up in the near future.

What’s more, shares in many major UK companies look downright unappealing at present. I’m thinking of well-established businesses such as Rolls-Royce, Royal Dutch Shell, and HSBC, each of which have taken huge hits in the aftermath of the sell-off.

The appeal of UK shares

Despite all this, I’m confident that buying high-quality UK shares today is a wise move. Moreover, if you’re

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Eurocrats splash out on business class flights to stock EU museum | Politics | News

Brussels plans to fork out on business class flights and hotels for couriers transporting “artefacts” from across the world to the European House of History. The venue in the Belgian capital is home to Brexit-bashing items, such as former Labour Party MEP Seb Dance’s handwritten “He’s lying to you” sign used to taunt Nigel Farage and a UK-EU “always united” scarf worn by Remainers on the UK’s final day of membership. The EU-funded museum, which set taxpayers back £47million, also features anti-EU protest banners and a T-shirt from the official Vote Leave campaign.

Over the next four years, the bloc will spend a further £1.4million fetching relics from across the globe for future exhibitions.

German MEP Nicolaus Fest said: “The EU’s relentless pursuit to establish a common European knows no bounds.

“This is an astonishing waste of taxpayers’ money – it would be much cheaper to relocate the fossils that

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7 Tech Stock Ideas That Aren’t FANG Stocks

KeyBanc loves these non-FANG tech stocks.

The tech sector has led the stock market rally since the financial crisis back in 2008, and many tech stocks have surged since the 2020 March lows. The so-called FANG stocks — Facebook (ticker: FB), Amazon (AMZN), Netflix (NFLX) and Alphabet (GOOG, GOOGL) — have accounted for much of that long-term growth but have now become so large that investors are concerned about their ability to maintain their growth rates. After years of FANG outperformance, it may be time for some non-FANG stocks to shine, KeyBanc says. Here are seven tech plays the KeyBanc analyst team loves that aren’t FANG stocks.

Angi Homeservices (ANGI)

Angi Homeservices is the owner of Angie’s List, a digital marketplace for home services. Analyst Justin Patterson says Angi should benefit from an uptick in homeownership, home investment and home improvement in 2020 and beyond. In addition, he says growing

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2 COVID-Proof Stock Ideas For Retirees

Each month, we issue The Mike’s Buy List for our DSR members. They get our best ideas for both U.S. and Canadian dividend stocks. The first Friday of each month, they receive our top 10 growth and top 10 retirement (yield over 4%+) investment ideas.

As we prepare for another surge of COVID-19 cases, it’s more important than ever to have the right holdings in your portfolio. Last time, I covered two dividend growth stocks. Now, let’s cover two options for income-seeking investors.


What’s the story?

This giant doesn’t need much presentation. It’s probably on many investors’ watch list too… but it rarely is on sale!

3M had some good news for investors during September. It reported August sales growth of 2% Y/Y to $2.7 billion, led by a 23% rise in Health Care. Organic local currency sales declined 2%, while acquisitions, net of divestitures, and foreign

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