There were not a lot of winners in the wake of the WannaCry attack — but cybersecurity stocks were among them. As Reuters reported, after the markets closed Monday, the global ransomware attack that hit hundreds of thousands of computers across 150 countries buoyed awareness of cyber vulnerabilities. This means...
Not every investment is worthwhile. That’s the lesson Synchrony Financial learned following the downturn of its loans in Q1 2017. The supply for these loan losses rose 21 percent to $1.3 billion. While shares for the lender took a nosedive of 16 percent, it has seen an...
Whereas, earlier in the month, stocks were decidedly on the upswing, with many payments stocks posting double-digit gains (and declining issues basically flat), this past week was much more even-keeled. And by even-keeled, we mean that there were more varied swings this past week. The...
Stocks in general continued to power ahead, touching new highs for the week that just ended. The payments stocks were a bit more muted during the week. In fact, gaining issues only slightly outpaced decliners. It could be that the lingering impact of earnings are...
Much was made last week of the Trump tech rout, where some of the biggest players in the tech-heavy Nasdaq saw shares drop, even while other sectors rose. Among concerns hitting the sector: increased scrutiny on international expansion efforts as a new administration takes shape....
Is it any surprise that earnings season continued (and still continues) to dominate the movements of payments stocks? If there were a motto for the past week, it would be “live by the earnings beat, die by the earnings beat.” Among the companies that enjoyed...
Earnings reports helped send some companies higher on positive results, with American Express jumping more than 12 percent on the week. The company showed some traction with its turnaround efforts in the wake of the loss of its Costco relationship. The fact that consumer spending...
In the biggest and most impressive move of the week, Net 1 UEPS Technologies soared 23 percent on the week, as the alternative payments company said that it is buying a stake in Blue Label Telecoms. Net 1 has grabbed a 10 percent discount for...
The PYMNTS Stock Index was rather even-keeled this time around, with not much news moving the winners. The stock market rallies that took place at the end of the week were enough to lift many boats beyond pure financial firms (even speculation over bank stress...
