Facebook’s Pain Could Be Visa and Mastercard’s Gain
* Stories are summarized by an A.I.
* Companies mentioned: V, PEP, UBER, We Company, EXPE, and KPELY
Facebook’s Pain Could Be Visa and Mastercard’s Gain
V (Visa Inc) | Barron’s
There’s little reason for PayPal, Mastercard, and Visa to stick around. As for Mastercard and Visa, there are hardly any two more durable earnings machines in global finance. By contrast, the earnings potential of companies like Mastercard, Visa, and PayPal look ever more durable and their relatively pricey valuations look ever more defensible. Shares of Visa trade for 28.1 times 12-month forward earnings, while Mastercard trades at 31.5 times and PayPal trades at 29.9 times. For investors looking to tap into fintech’s vast earnings potential, Mastercard, PayPal, and Visa look as attractive as ever.
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PepsiCo Is Investing Where It Counts
PEP (PepsiCo Inc.) | The Motley Fool
Year to date, Pepsi's organic revenue is up 4.6%, which is better than the 3.4% growth reported for the same period this time last year. The North American beverage business saw an acceleration last quarter, improving from organic revenue growth of 2.5% in the fiscal second quarter to 3% in the third quarter. Organic revenue from developing and emerging markets increased by 7% year over year, including double-digit growth in Mexico, Saudi Arabia, China, Turkey, and Pakistan. Pepsico is also investing in technology, highlighted by the strength in the company's digital sales capabilities. The company now expects to meet or exceed 4% organic revenue growth for the full year.
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Fear Overtakes Greed in IPO Market After WeWork Debacle
UBER (Uber Technologies Inc) | The Wall Street Journal
The IPO market has gone from hot to not. Shares of newly public companies, earlier this year one of the hottest investments on Wall Street, are now in a slump after investors soured on money-losing startups from Uber Technologies Inc. to WeWork. Shares of technology startups and other companies that went public in the U.S. this year are trading...
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Uber CEO Dara Khosrowshahi Sells Millions of Dollars of Expedia Stock
EXPE (Expedia Group Inc) | Barron’s
Uber Technologies CEO Dara Khosrowshahi has been selling millions of dollars of Expedia Group stock this year after not selling any last year. Khosrowshahi had been CEO of Expedia (ticker: EXPE) when he was named to head Uber (UBER) in August 2017. He remains an Expedia director. Expedia stock has been mirroring the S&P 500 lately. Both the shares and the index fell 6% in 2018, and this year Expedia stock is up 18.3% year to date through Friday’s close, while the S&P 500 has risen 17.8%. http://bit.ly/2IutaEz
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Keppel settles with embattled Brazilian firm over long-running rig deal
KPELY (Keppel Corporation Ltd) | Nasdaq
SINGAPORE, Oct 7 (Reuters) - Singapore conglomerate Keppel Corp KPLM.SI said on Monday it reached an agreement with indebted Brazilian firm Sete Brasil over a long-standing contract for six drilling rigs. Keppel has previously said it has made provisions for around $200 million as part of the Sete contracts and stopped work on building the rigs in late 2015. In late 2017, Keppel's rig-building unit paid $422 million to resolve charges it paid bribes to win deals in Brasil, including to Sete. Sete's creditors last week agreed to sell Urca, Frade and two other rigs to British firm Magni Partners, sources told Reuters. Fernvale is in talks with Magni Partners on the terms to complete the construction of those rigs, Keppel said.
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* Companies mentioned: V, PEP, UBER, We Company, EXPE, and KPELY
Facebook’s Pain Could Be Visa and Mastercard’s Gain
V (Visa Inc) | Barron’s
There’s little reason for PayPal, Mastercard, and Visa to stick around. As for Mastercard and Visa, there are hardly any two more durable earnings machines in global finance. By contrast, the earnings potential of companies like Mastercard, Visa, and PayPal look ever more durable and their relatively pricey valuations look ever more defensible. Shares of Visa trade for 28.1 times 12-month forward earnings, while Mastercard trades at 31.5 times and PayPal trades at 29.9 times. For investors looking to tap into fintech’s vast earnings potential, Mastercard, PayPal, and Visa look as attractive as ever.
Read More
PepsiCo Is Investing Where It Counts
PEP (PepsiCo Inc.) | The Motley Fool
Year to date, Pepsi's organic revenue is up 4.6%, which is better than the 3.4% growth reported for the same period this time last year. The North American beverage business saw an acceleration last quarter, improving from organic revenue growth of 2.5% in the fiscal second quarter to 3% in the third quarter. Organic revenue from developing and emerging markets increased by 7% year over year, including double-digit growth in Mexico, Saudi Arabia, China, Turkey, and Pakistan. Pepsico is also investing in technology, highlighted by the strength in the company's digital sales capabilities. The company now expects to meet or exceed 4% organic revenue growth for the full year.
Read More
Fear Overtakes Greed in IPO Market After WeWork Debacle
UBER (Uber Technologies Inc) | The Wall Street Journal
The IPO market has gone from hot to not. Shares of newly public companies, earlier this year one of the hottest investments on Wall Street, are now in a slump after investors soured on money-losing startups from Uber Technologies Inc. to WeWork. Shares of technology startups and other companies that went public in the U.S. this year are trading...
Read More
Uber CEO Dara Khosrowshahi Sells Millions of Dollars of Expedia Stock
EXPE (Expedia Group Inc) | Barron’s
Uber Technologies CEO Dara Khosrowshahi has been selling millions of dollars of Expedia Group stock this year after not selling any last year. Khosrowshahi had been CEO of Expedia (ticker: EXPE) when he was named to head Uber (UBER) in August 2017. He remains an Expedia director. Expedia stock has been mirroring the S&P 500 lately. Both the shares and the index fell 6% in 2018, and this year Expedia stock is up 18.3% year to date through Friday’s close, while the S&P 500 has risen 17.8%. http://bit.ly/2IutaEz
Read More
Keppel settles with embattled Brazilian firm over long-running rig deal
KPELY (Keppel Corporation Ltd) | Nasdaq
SINGAPORE, Oct 7 (Reuters) - Singapore conglomerate Keppel Corp KPLM.SI said on Monday it reached an agreement with indebted Brazilian firm Sete Brasil over a long-standing contract for six drilling rigs. Keppel has previously said it has made provisions for around $200 million as part of the Sete contracts and stopped work on building the rigs in late 2015. In late 2017, Keppel's rig-building unit paid $422 million to resolve charges it paid bribes to win deals in Brasil, including to Sete. Sete's creditors last week agreed to sell Urca, Frade and two other rigs to British firm Magni Partners, sources told Reuters. Fernvale is in talks with Magni Partners on the terms to complete the construction of those rigs, Keppel said.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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