Fri, Feb. 27, 11:31 AM
- Factset has compiled a list of the most popular holdings of hedge funds at the end of Q4 and which stocks fell in or out of favor within the group.
- Overall, hedge funds increased their positions in the top 50 holdings during the quarter by 1%.
- Top 50 hedge fund consumer staples/discretionary stocks showing an increase: Family Dollar (NYSE:FDO) +1.3%, PepsiCo (NYSE:PEP) +20.3%, Priceline Group (NASDAQ:PCLN) +24.2%, Delta Air Lines (NYSE:DAL) +15.3%.
- Top 50 hedge fund consumer staples/discretionary stocks showing a decrease: Mastercard (NYSE:MA) -4.2%, Walgreen Boots Alliance (NASDAQ:WBA) -1.3%, Dollar General (NYSE:DG) -11.6%, Mondelez International (NASDAQ:MDLZ) -0.9%.
- Another way to look at the list is to examine which stocks are missing. Coca-Cola (NYSE:KO), Wal-Mart (NYSE:WMT), and Procter & Gamble (NYSE:PG) are in that club.
- Factset's hedge fund ownership report (.pdf)
Thu, Feb. 19, 12:07 PM
- "The court's ruling will not provide any benefit to consumers and will, in fact, harm competition by further entrenching the two dominant networks," says American Express (AXP -2.2%), responding to its loss in an antitrust lawsuit, and vowing to appeal.
- Filed in 2010 and heard by a federal judge last year, the case is about AmEx's prohibiting merchants who accept its cards from steering customers towards those cards processed by rivals Visa (V +0.3%) and MasterCard (MA +1.7%), or debit cards.
- “The most damaging thing that can happen to the American Express brand is when our card members are discriminated against at the point of sale,” said company CEO Ken Chenault when he testified at last year's trial.
- It's another 2015 blow for AmEx which last week announced an end to its long-time exclusive partnership with Costco in the U.S. The stock's now lower by about 16% YTD.
- Previously: AmEx lower by 1.9% after losing antitrust suit (Feb. 19)
Fri, Feb. 13, 4:32 PM
- Fresh off news that its agreement with Costco (NASDAQ:COST) is coming to an end, American Express (NYSE:AXP) is also splitting with JetBlue (NASDAQ:JBLU) as the airline has reportedly reached a new credit-card deal with Barclays (NYSE:BCS) and MasterCard (NYSE:MA).
- The change ends a credit-card partnership that started in 2005. AXP's pact with Costco has lasted 16 years.
- Airline deals are generally desirable for card issuers as annual fees are more likely and travel awards can spur spneding.
- After hours, AXP down just 0.1%; MA +0.1%; BCS +0.2%.
- Previously: Analysts weigh in on American Express after Costco loss (Feb. 13 2015)
Fri, Feb. 13, 1:05 PM
- Banks are getting the worse end of the deal in co-branding partnerships with major retailers, say banking officials.
- Margins have shrunk on co-branded programs for major card issuers and processors such as Capital One (NYSE:COF), Wells Fargo (NYSE:WFC), American Express (NYSE:AXP), Visa (NYSE:V), and MasterCard (NYSE:MA) with retailers playing banks off against one another in order to score better terms.
- Earlier this week, American Express announced it would end its co-branded card with Costco.
Tue, Feb. 3, 10:05 AM
Fri, Jan. 30, 8:21 AM
- MasterCard (NYSE:MA) reports net income rose 21% in Q4, adjusted for currency swings.
- Acquisitions had a $0.03 dilutive impact on EPS during the quarter.
- Gross dollar volume +13% to $1.2T.
- Cross-border volume +19%.
- Processed transactions +11% to 11.6B.
- A standout from the quarter was the effective tax rate paid by the company of 20.3% vs. 32.0% a year ago.
- MA +3.83% premarket.
Fri, Jan. 30, 8:03 AM
Thu, Jan. 29, 5:30 PM
Fri, Jan. 23, 1:01 PM| Comment!
Tue, Jan. 20, 10:56 AM
- The Supreme Court passes on hearing a case over the level of swipe fees charged by banks to retailers.
- The cap on swipe fees will stand at $0.21-$0.24 following the high court decision.
- Intense lobbying from the financial services industry prompted the Fed to move off its original recommendation for a $0.12 cap.
- The National Retail Federation and other consumer groups have vowed to keep the fight going.
- Related stocks: V, MA, WMT, TGT, BBY, CVS, WBA, COST, HD, LOW, GPS, M.
Dec. 27, 2014, 10:20 AM
Dec. 2, 2014, 3:04 PM| 2 Comments
Dec. 2, 2014, 12:49 PM
Nov. 27, 2014, 1:27 PM
- Monitise (OTCPK:MONIF) gets a £49.2M investment from strategic partners Telefonica (NYSE:TEF), Santander (NYSE:SAN) and Mastercard (NYSE:MA).
- They will buy 161M ordinary shares at 30.5p/share (Nov. 26's close), representing 8.2% of the existing issued ordinary share capital.
- Monitise also says it's in discussions to expand its commercial relationships with above partners "to support the development and accelerated rollout of its global platform capabilities."
- IBM has agreed to deploy Watson in support of Monitise’s new technology platform.
- Monitise also reiterates current year and longer-term guidance.
- Short interest is ~11% of float.
- Monitise was best performer on FTSE AIM 100 index today.
- Source: press release
Oct. 31, 2014, 8:35 AM
- American Express (NYSE:AXP) looks set to escape the full force of the new measures, reports Bloomberg, as it would only have to comply with the fee caps when it works with other companies to issue cards.
- The proposal being circulated would cap interchange fees on cross-border debit-card payments at 0.2% and credit-cards at 0.3%. For domestic debit-card payments, the plan gives nations the options of calculating the 0.2% cap against the value of individual transactions, or against the "annual average transaction value."
- According to the proposal, AmEx and other three-party systems would be affected only when they have licensing agreements with other providers - a model accounting for about 9% of the firm's business, according to EU data.
Oct. 30, 2014, 8:38 AM| Comment!
MA vs. ETF Alternatives
MasterCard Inc is a technology company in the payments industry that connects consumers, financial institutions, merchants, governments and businesses, enabling them to use electronic forms of payment instead of cash and checks.
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