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inthemoneystocks' Blog : Visa & MasterCard Lead Markets

Date February 2, 2012    Comments Comments (0)    Rate this post Recommend This Post (29)   
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This morning, Visa Inc (NYSE:V) and MasterCard Inc (NYSE:MA) are surging sharply higher. The catalyst for the rally in these two leading stocks is a strong reaction to the MasterCard earnings announcement. MA stock will have some short term intra-day resistance around the $385.00 level. Visa Inc stock is obviously trading higher in sympathy to the MasterCard earning report. Visa stock is now trading at a new all time high at $106.13 a share.


Other leading credit card stocks that are trading higher include American Express Co (NYSE:AXP) and Discover Financial Services (NYSE:DFS). It is important to note that AXP and DFS are also bank holding companies; therefore they will not always trade along with the credit card companies such as Visa and MasterCard.


Nicholas Santiago


InTheMoneyStocks.com


Tags : V   AXP   DFS   MA  

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