Visa's most recent trend suggests a bullish bias. One trading opportunity on Visa is a Bull Put Spread using a strike $146.00 short put and a strike $141.00 long put offers a potential 13.64% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $146.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $141.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Visa 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 Visa is bullish.
The RSI indicator is at 74.71 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 Visa
Trump moves to scrap trade privilege for India, Delhi plays down impact
Tue, 05 Mar 2019 19:30:19 +0000
WASHINGTON/NEW DELHI, March 5 (Reuters) – U.S. President Donald Trump looked set to open a new front in his trade wars with a plan to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States. Monday's move comes as trade tensions between the United States and India mount. The United States is trying to rework pacts with a number of other countries as well, including China.
Kroger Stock Won’t Be Boosted by Anti-Visa Crusade
Mon, 04 Mar 2019 19:29:41 +0000
Why Kroger (KR) Stock Won;t Get a Boost From Battling VisaUpset over the fees Visa (NYSE:V) charges it to handle customer transactions, Kroger (NYSE:KR) is halting its acceptance of Visa cards at some of its outlets, and considering a nationwide ban of Visa cards. That is a huge deal for Kroger and KR stock because Visa has more than half the credit card market, and customers continue to use cash less frequently.This could be a huge deal for Visa as well, since Kroger is the second-largest grocery-store chain in America, behind only Walmart (NYSE:WMT). If Walmart, or even eighth-place Amazon.com (NASDAQ:AMZN) join the fight, things could get nasty.InvestorPlace – Stock Market News, Stock Advice & Trading Tips * 7 Top-Rated Stocks to Buy for March The trouble for KR stock is that they're not joining the fight. Kroger, which is due to release its results through January before the market opens on Mar. 6, is all alone. KR stock is already suffering, as it has dropped 5% over the last few trading days. Kroger's Worst NightmareI am Kroger's worse nightmare.When I go to Kroger, usually about twice each week, I use a Visa card. I only use one credit card and one debit card. Both carry the Visa logo.I often spend only $10-$20 on each visit because I make my big purchases at Costco (NASDAQ:COST). I use the automated check-out, plug the card in, take my groceries and go. I'm in-and out in ten minutes.But Kroger's hangover is just beginning. It costs KR 21 cents to process my transaction and could cost as much as 35 cents if I were using a small bankGrocery margins are wafer-thin. Kroger is fortunate when it brings 2 cents of every dollar to its bottom line. During the third quarter, which ended on Halloween, its profit margin was slightly over 1%. If I spend $10 and it costs KR 35 cents to process my card, it's losing money.Settlement fees aren't the only hassle. Merchants are also subject to fees when their merchandise is returned. Taken together, the average merchant pays about 2.5% of the revenue it gets from credit cards in fees to the card networks and banks.KR can't get mad at me. I wouldn't understand. There's a Walmart just as close to me, in the other direction. So, Kroger is getting mad at Visa. Smith's, a Kroger-branded store in the Rocky Mountain region, will be no longer accept Visa cards starting on Apr 3. Kroger's Food 4 Less chain in California has already stopped accepting Visas. Going to CourtThe rest of the industry has chosen to go to court to fight these so-called "swipe fees," and recently made a $6.24 billion settlement The settlement covers 14 years and follows a preliminary deal last year some merchants said didn't go far enough. Visa and rival MasterCard (NYSE:MA), which was also part of the case, thought that was the end of the battle. They're already contemplating a new price hike, which could go into effect as early as next month, and while the increase will only be assessed to the banks the networks do business with, it's assumed those banks will pass the costs on to merchants. The Bottom Line on KR StockKR stock is an incredible bargain. It has a price-earnings ratio of 6.3, and its market cap of $22.6 billion is about one-sixth its fiscal 2018 sales of $122 billion. The tiny, 14-cent-per-share-dividend paid to owners of Kroger stock currently yields 1.9%.But KR stock has been cheap for a long time It currently trades below where it was two years ago, despite two dividend hikes. I've suggested that Kroger stock could rise if KR consolidated under one brand ; it currently has 17. At least it now has a quest. Too bad that quest looks like an impossible dream.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Retail Stocks Ready to Break Out * 7 Strong Buy Stocks the Street Loves * 10 Best Stocks to Buy and Hold Forever Compare Brokers The post Kroger Stock Won't Be Boosted by Anti-Visa Crusade appeared first on InvestorPlace.
Visa’s excessive fees and unfairness cannot go unchecked, Kroger
Sun, 03 Mar 2019 10:00:35 +0000
Kroger, one of America’s largest grocery chains, has had it up to here with Visa’s excessive transaction fees. Its Smith’s Food & Drug Stores will join Foods Co. Supermarkets brand in not accepting Visa credit cards as a form of payment, beginning 3rd April. That means the boycott now extends to 142 supermarket and 108 fuel centre locations across seven US states. “Visa has been misusing its position and charging retailers excessive fees for a long time,” comments Mike Schlotman, Kroger’s Executive Vice President and CFO. “They conceal from customers what Visa and its banks charge retailers to accept Visa credit cards. At Smith’s, Visa’s credit card fees are higher than any other credit card brand that we accept. Visa’s excessive The post Visa’s excessive fees and unfairness cannot go unchecked, Kroger appeared first on Coin Rivet.
[$$] Second Kroger Unit to Stop Accepting Visa Credit Cards
Sat, 02 Mar 2019 01:38:29 +0000
A second unit of supermarket chain Kroger Co. said Friday that it will stop accepting Visa Inc. credit cards at its 142 supermarkets and 108 gas stations across seven states. Kroger’s Smith’s Food & Drug said it would stop accepting Visa credit cards on April 3. It will continue to accept Visa debit cards.
Another Kroger unit to stop accepting Visa credit cards due to high fees
Fri, 01 Mar 2019 15:39:41 +0000
Kroger had stopped accepting Visa's credit cards at its Foods Co stores in California in August last year, because of a price dispute over interchange rates and network fees. “At Smith's, Visa's credit card fees are higher than any other credit card brand that we accept.
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