Good MorningEquity markets started the third quarter on uncertain footing. The S&P 500 index treads water near all-time highs, with risks to the outlook mounting. The strong labor data, which showed solid gains, belies the need for aggressive FOMC action and suggests a slower pace of rate cuts ahead. The critical takeaway is that a slower rate cut pace will increase the time until the soft landing is reached and the broader economic recovery can begin.
This week's risks are twofold, with the CPI data due on Thursday and earnings from Big Banks coming on Friday. The CPI data is expected to contract and align with trends. The risk is that Goldilocks numbers may not be coming with hotter data pointing to Fed tightness and weakness to recession. Regarding the bank earnings, the banks are expected to post a slower pace of growth in Q3 and compound it with narrower margins. However, the analysts have set the bar low with their revisions, making outperformance possible. Featured: War on Elon Escalates… (Porter & Company) |
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In late 2023, many analysts called for 2024 to be the year of a small-cap stock renaissance. These stocks were battered as the Federal Reserve aggressively raised interest rates. Many of these companies rely on borrowing to fund their growth and struggled as the cost of borrowing increased.
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From Our PartnersA shocking leak has revealed Japanese electronics giant Sony is now starting its own blockchain.
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Markets | | U.S. stocks rallied Friday after a surprisingly strong report on the U.S. job market raised optimism about the economy. The S&P 500 climbed 0.9% and got close to its all-time high set on Monday. The Dow Jones Industrial Average rose 341 points, or 0.8%, to set its own record, while the Nasdaq co... Read the Full Story |
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For dividend-paying companies, maintaining dividend growth is an essential way to demonstrate to investors that a firm is stable and enjoys long-term profitability. Dividend growth is also attractive to investors because it means an increasing passive income stream through stock ownership. Some in... Read the Full Story |
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Markets | | Crude prices jumped Thursday on worries that worsening tensions in the Middle East could disrupt the global flow of oil, while U.S. stocks pulled back further from their records.The S&P 500 fell 0.2% amid a shaky week that’s knocked the index off its all-time high set on Monday. The Dow Jones In... Read the Full Story |
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China's economy has struggled in recent months amid a depressed level of consumer confidence and a devastating housing bust coupled with weak credit demand. Late in September—just after the U.S. Federal Reserve announced its first federal funds rate cut in several years—the People's Ba... Read the Full Story |
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Markets | | Asian shares advanced Monday after a surprisingly strong U.S. jobs report raised optimism about the economy, sparking a rally on Wall Street. U.S. futures slipped and oil prices also fell. Japan's Nikkei 225 index gained 1.8% to 39,332.74 after the yen sank against the U.S. dollar. The Japanese curr... Read the Full Story |
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Markets | | America’s employers added a surprisingly strong 254,000 jobs in September, easing concerns about a weakening labor market and suggesting that the pace of hiring is still solid enough to support a growing economy Read the Full Story |
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The September NFP was so smoking hot that it blew the outlook for interest rates out of the water. The headline figure alone was enough to alter the outlook, signaling healthy, resilient labor market conditions, and the revisions sealed the deal. Revisions averaged 72,000 higher monthly in July an... Read the Full Story |
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Markets | | For more than two decades, the low rent on Marina Maalouf’s apartment in a blocky affordable housing development in Los Angeles’ Chinatown was a saving grace for her family, including a granddaughter who has autism.But that grace had an expiration date. For Maalouf and her family it arrived in 2020.... Read the Full Story |
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Though wildly popular with consumers, streaming companies have long struggled to achieve and maintain profitability. Over time, this has led providers like Netflix Inc. (NASDAQ: NFLX) and Paramount Global (NASDAQ: PARA) to experiment with tiered subscriptions involving advertisements, bundle offer... Read the Full Story |
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Monday's Early Bird Stock Of The Day Global Payments Inc. provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services. This segment also provides an array of enterprise software solutions that streamline business operations of its customers in various vertical markets; and value-added solutions and services, such as point-of-sale software, analytics and customer engagement, payroll and reporting, and human capital management. The Issuer Solutions segment offers solutions that enable financial institutions and retailers to manage their card portfolios through a platform; and commercial payments, account payables, and electronic payment alternatives solutions for businesses and governments. It markets its products and services through direct sales force, trade associations, agent and enterprise software providers, referral arrangements with value-added resellers, and independent sales organizations. The company was founded in 1967 and is headquartered in Atlanta, Georgia. | Should I Buy Global Payments Stock? GPN Pros and Cons Explained
These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Global Payments was last updated on Monday, September 30, 2024 at 4:26 AM.
Pros-
Global Payments Inc. has a strong track record of consistent revenue growth, indicating stability and potential for future earnings.
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The company's low debt-to-equity ratio of 0.68 suggests a healthy financial structure with lower risk compared to highly leveraged companies.
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Global Payments Inc. offers a dividend payout ratio of 19.84%, providing investors with a steady income stream.
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With a PEG ratio of 0.71, Global Payments Inc. is considered undervalued based on its growth prospects, making it an attractive investment opportunity.
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The company's market cap of $25.61 billion reflects its position as a significant player in the payment technology industry, offering stability and growth potential.
Cons-
Global Payments Inc.'s current stock price may not fully reflect its true value, potentially limiting short-term gains for investors.
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The company's current ratio and quick ratio of 0.92 each indicate potential liquidity challenges in meeting short-term obligations.
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Analysts have mixed ratings on Global Payments Inc., with some suggesting caution due to uncertainties in the market and industry.
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Global Payments Inc.'s 1-year high of $141.77 may pose a resistance level for further stock price appreciation in the near term.
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Investors should consider the company's beta of 0.98, which indicates a moderate correlation with the overall market, potentially impacting returns during market fluctuations.
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