Mastercard's most recent trend suggests a bearish bias. One trading opportunity on Mastercard is a Bear Call Spread using a strike $270.00 short call and a strike $275.00 long call offers a potential 104.08% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $270.00 by expiration. The full premium credit of $2.55 would be kept by the premium seller. The risk of $2.45 would be incurred if the stock rose above the $275.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Mastercard is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Mastercard is bearish.
The RSI indicator is at 40.68 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Mastercard
Senators Caution Mastercard, Visa, Stripe on Libra Membership
Wed, 09 Oct 2019 02:16:40 +0000
(Bloomberg) — Two Senate Democrats are urging three payment processing companies to reconsider their involvement with the Libra cryptocurrency project envisioned by Facebook Inc. and a coalition of other groups.Libra poses risks not only to global financial systems, but also to the companies’ broader payments business, Senator Sherrod Brown of Ohio and Senator Brian Schatz of Hawaii said in letter on Tuesday to Visa Inc., Mastercard Inc. and Stripe Inc.In the letter, the lawmakers cited news reports on the difficulty some of Libra Association members have faced in obtaining details on the organization’s management and risks.The association is composed of a group of 27 members including Facebook and the payments companies, as well as a swath of tech companies like Uber Technologies Inc., telecom providers Iliad SA and Vodafone Group PLC, and cryptocurrency companies like Coinbase, Inc.PayPal, Inc., one of the original members, confirmed it had left the organization on Oct. 4.In a statement, Brown, the senior Democrat on the Banking Committee, and Schatz, a panel member, said they pointed out in the letter that “Congress, financial regulators, and potential Libra Association member companies have struggled to get sufficient details from Facebook about risks that Libra may pose, including facilitating criminal and terrorist financing, destabilizing the global financial system, interfering with monetary policy, or exposing consumers to risks currently limited to accredited investors.”“We urge you to carefully consider how your companies will manage these risks before proceeding, given that Facebook has not yet demonstrated to Congress, financial regulators — and perhaps not even to your companies — that it is taking these risks seriously,” they said in the letter.“Facebook,” the senators added, “is currently struggling to tackle massive issues, such as privacy violations, disinformation, election interference, discrimination, and fraud, and it has not demonstrated an ability to bring those failures under control.”“You should be concerned,” Brown and Schatz said, “that any weaknesses in Facebook’s risk management systems will become weaknesses in your systems that you may not be able to effectively mitigate.”A spokeswoman for MasterCard declined to comment, as did a spokesman for Visa. Representatives for Stripe, Facebook and the Libra Association did not immediately respond to requests for comment.In July, both Republican and Democratic senators had pointed questions for Facebook at a Banking Committee hearing over its digital currency plans. That session reflected the skepticism across Washington and underscoring the challenges the company faces in getting Libra off the ground.\–With assistance from Kurt Wagner, Julie Verhage and Jenny Surane.To contact the reporters on this story: Lydia Beyoud in Washington at email@example.com;Joe Light in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Seth Stern at email@example.com, John Harney, Sara FordenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
MasterCard (MA) Dips More Than Broader Markets: What You Should Know
Tue, 08 Oct 2019 21:45:09 +0000
MasterCard (MA) closed the most recent trading day at $267.07, moving -1.88% from the previous trading session.
Here is Hedge Funds’ 100th Most Popular Stock Pick
Tue, 08 Oct 2019 18:35:44 +0000
Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won't accept your savings unless you commit at least $5 million) by pinpointing […]
PayPal’s Exit From Libra May Trigger Fresh Hearings, Cowen Says
Tue, 08 Oct 2019 17:43:02 +0000
(Bloomberg) — PayPal Holdings Inc.’s decision to pull out of the Libra Association may lead to more congressional hearings from critics seeking to press the payments company for more details on why it walked away, according to Cowen.A push for hearings may intensify further if Libra — Facebook Inc.’s effort to develop a digital currency — were to lose other members, analyst Jaret Seiberg wrote. Not only has Facebook failed to win Washington’s “buy in,” it’s also lost support and the “messaging war,” he said. And Seiberg warned that other backers may join PayPal in retreating rather than “risk getting pulled into the policy fights over privacy and private currencies.”PayPal pared losses of as much as 2% as Facebook declined as much as much as 1.1%. Meanwhile other Libra backers — Visa Inc. and Mastercard Inc. — both fell more than 1.7% before paring some of the drop. Financials declined across the board, along with the broader market, as analysts fretted about banks’ prospects and trade tensions flared.On Monday, Morgan Stanley analyst James Faucette described PayPal’s decision as wise. “While we believe it made sense for PayPal, Visa, and Mastercard to initially participate in Libra to defend their flanks and maintain optionality, the amount of political attention Libra has received has made the opportunity less attractive,” Faucette wrote.Cowen’s Seiberg has consistently doubted Facebook’s ability to secure the necessary regulatory approvals as the social media company is “framing Libra as an independent entity that will control the transaction data of users.” Big partners exiting may mean it will be “harder to convince policymakers that Libra is independent of Facebook.” He expects Facebook will stay in the spotlight and will face mounting scrutiny as the 2020 election approaches.Separately, Height Capital Markets in a note said that “one withdrawal does not doom Libra, but if there is a cascade of departures the Libra project may collapse before it can launch.” The firm also saw regulators’ focus on financial stability as “overstated,” as Libra won’t be issuing any country’s currency or debt, but will convert a given currency into Libra currency, and Libra will be “backed by a basket of short term debt instruments issued by sovereign nations.”Earlier, Loop Capital analyst Alan Gould wrote that Libra “will likely take much longer than initially anticipated” and more government regulation and fines could be on the way.\–With assistance from Cristin Flanagan.To contact the reporter on this story: Felice Maranz in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Will DaleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
PayPal Abandons Facebook’s Libra: Could Others Follow?
Mon, 07 Oct 2019 18:57:46 +0000
PayPal announced its withdrawal from the 28-member team of Facebook's Libra Project. Libra has received criticism from the public and private sectors.
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