Mastercard (MA) Offering Possible 12.87% Return Over the Next 9 Calendar Days

Mastercard's most recent trend suggests a bullish bias. One trading opportunity on Mastercard is a Bull Put Spread using a strike $320.00 short put and a strike $315.00 long put offers a potential 12.87% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $320.00 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.43 would be incurred if the stock dropped below the $315.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Mastercard 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 Mastercard is bullish.

The RSI indicator is at 65.5 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

PRESS DIGEST- New York Times business news – Aug 11
Tue, 11 Aug 2020 06:23:50 +0000

The Zacks Analyst Blog Highlights: Apple, Mastercard, Eli Lilly, PetroChina and Anheuser-Busch InBev
Fri, 07 Aug 2020 14:02:02 +0000
The Zacks Analyst Blog Highlights: Apple, Mastercard, Eli Lilly, PetroChina and Anheuser-Busch InBev

Brazil's Bradesco mulling IPO of card network Elo
Fri, 07 Aug 2020 13:43:52 +0000

Seismic Shifts In The Cryptocurrency Market May Be Ahead, With Stablecoins Soaring
Thu, 06 Aug 2020 19:45:12 +0000
Recent developments indicate major shifts may be ahead in the cryptocurrency market, with the importance of stablecoin growing, PayPal rumored to announce a partnership with Paxos to offer crypto trading, and Mastercard expanding its own cryptocurrency program. In an economy still reeling from the impact of the COVID-19 pandemic, replete with lockdowns, shifts to telecommuting and business closures, cryptocurrency trading is becoming an attractive alternative to many businesses and investors alike. With recent moves to introduce or expand crypto-based services by more established and commonly-used payment providers, a mainstream adoption of digital currencies may not be far off. Here is what you need to know about it. The Drift towards Stability on the Cryptocurrency Market: Stablecoins Recently, stability has increased as a factor of importance in the cryptocurrency market.After the massive value growth of cryptocurrencies throughout 2017 and the subsequent bursting of the bubble in early 2018, the market see-sawed until the beginning of 2020. Just when it seemed another growth spike was taking off, the pandemic stock market crash sent it tumbling again. Since April, crypto values have roughly returned to February levels.Throughout this period, one sector of the cryptocurrency market has outpaced the others in terms of growth – stablecoins. Unlike currencies whose value is volatile and driven by supply and demand, stablecoins are typically bound to a fiat currency, although some are pegged against other cryptocurrencies. Prominent examples of stablecoins include Tether (USDT), USD Coin (USDC), or Binance USD (BUSD), all equivalent to $1.Stablecoins have been on the rise, measured by market cap and transaction volume, since the 2018 crash. This indicates their buyers value both their innate crypto advantages and the much lower volatility of fiat currency. It also suggests the use of cryptocurrency as a vehicle for speculation is now giving way to actual use for transfers and longer-term holding.In the tailwind of the crisis, many of these stablecoins have been doing well. For example, immediately after the stock crash in March, Tether's daily transaction volume shot up from around $50 billion to nearly $100 billion. This spike was fueled by buyers converting both from USD and other cryptocurrencies, leading the currency issuers to make several billion new USDT available, for a total market cap now exceeding $10 billion. Now, as the volatile currencies are approaching pre-crisis values, USDT transaction volumes are sinking again.Breaking into the Cryptocurrency Market – PayPal partnering with Paxos Though official confirmation is still lacking, it has emerged that payment processor PayPal (NASDAQ: PYPL), with its mobile payments division Venmo, is now set on breaking into the cryptocurrency market. A letter from PayPal to the European Commission, leaked earlier this week, shows that the payment provider was working on crypto capabilities even before March.Now, it seems, the process is coming to fruition, with an announcement by PayPal expected as early as the end of this week.Reportedly, it has picked the Paxos Trust Company, a regulated financial institution that digitizes and mobilizes assets, as its partner in offering the service, over principal rival Coinbase.Less than a week ago, Paxos introduced Paxos Crypto Brokerage, a new API-based solution that allows companies to integrate cryptocurrency buying, selling, holding, and sending capabilities into their own applications. Paxos takes care of the underlying regulatory and technological complexity.Paxos had previously struck up partnerships with fintech leaders such as Square (NYSE: SQ), Robinhood, and Revolut. Some of these have been highly profitable, with Square reporting its first-quarter revenue from Bitcoin-based services at $528 million, surpassing its mainstream financial services. A PayPal partnership is a step up for both Paxos and the cryptocurrency market as a whole. With over 300 million users globally, PayPal is among the largest payment facilitators – and now set to become a key gateway into the cryptocurrency market for millions of its clients.Bringing Cryptocurrency to Everyday Life – Mastercard Delves Deeper into the Market Another push towards the mainstream is aided by Mastercard (NYSE: MA) recently announcing an expansion of its cryptocurrency partner program. A practical limitation for many cryptocurrencies, until recently, was that they're accepted by only a few brick-and-mortar businesses. From gas stations and supermarkets to hairdressers and pharmacies, cryptocurrency holders find themselves stymied when it comes to using their holdings to purchase services and products.Mastercard's announcement means that crypto-wallet providers can now issue secure, compliant, Mastercard-branded payment cards to their customers. Thus bringing cryptocurrency into everyday life.The initiative was launched as part of Mastercard's Accelerate program, with the London-based cryptocurrency platform Wirex as its first major partner.Technically, Mastercard does not enable clients to spend cryptocurrency directly with merchants. It converts cryptocurrency into fiat first, which is then used for transactions. This saves users from the effort and time needed to convert to fiat themselves for a given purchase. With the notorious short-term volatility of some cryptocurrencies, the automation of the conversion process is a welcome relief to many.Overall, this increase in fungibility marks a defining shift towards legitimacy in the still-nascent cryptocurrency market."The cryptocurrency market continues to mature, and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today's digital economy," Raj Dhamodharan, Mastercard's executive vice president for digital asset and blockchain products and partnerships, said in a comment.Mastercard is in good company. In a pioneering effort, Coinbase launched its own card in 2019 – in partnership with Visa, Mastercard's principal competitor. The Drift towards Stability and the Mainstream Altogether, recent developments suggest an overall drift towards stability in the cryptocurrency market, as well as an accelerating movement towards opening it up to the mainstream. The wider implications of this shift in the cryptocurrency market remain to be observed. It seems clear that the increased proportion of stablecoins in the overall market is making other cryptocurrencies relatively less attractive. At the same time, that market is expanding rapidly, and one major use of stablecoin is easier trading of other cryptocurrencies.Other questions – such as whether PayPal users will widely adopt cryptocurrencies, or whether crypto owners will want to expend their holdings on everyday purchases with Mastercard's offer, rather than speculate or hold onto them as investments – remain open. Overall, the situation is summed up well by Simon Taylor, head of ventures at fintech consultancy firm 11:FS, in an interview with CNBC: "This is less a watershed moment and more part of a broader, slow and steady legitimization of crypto as the global regulators increasingly put systems and controls in place."See more from Benzinga * 10 Fastest-Shrinking Cities In America Since 2010 * Are Drivers Staying Out Of The Market To Collect Unemployment? (With Video) * Daily Infographic: The Paycheck Protection Program(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Top Stock Reports for Apple, Mastercard & Eli Lilly
Thu, 06 Aug 2020 17:33:05 +0000
Top Stock Reports for Apple, Mastercard & Eli Lilly

Be Sociable, Share!

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.