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Digital Dollars

Digital Dollars

3.26k followers 20 symbols Watchlist by Motif Investing

With the growing adoption of electronic payments in emerging markets, global issuance of payment cards is projected to grow 36% to 18.3 billion during 2011-2016.

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  • Lyft and Mastercard: A Mighty Combination That Will Matter
    Motley Fool 34 minutes ago

    Lyft and Mastercard: A Mighty Combination That Will Matter

    The new Lyft Direct Debit card shows that the two companies are being smart in their approaches to the gig economy.

  • Fiserv CEO Yabuki reiterates Wisconsin commitment as HQ search put on hold
    American City Business Journals 51 minutes ago

    Fiserv CEO Yabuki reiterates Wisconsin commitment as HQ search put on hold

    Yabuki said plans to search for a new office in Wisconsin are being put on hold as the company focuses on its $22 billion all-stock acquisition of New York-based First Data Corp.

  • MTA readies 'contactless' subway terminals for May 31
    American City Business Journals 2 hours ago

    MTA readies 'contactless' subway terminals for May 31

    The launch was made possible thanks to the MTA's partnering with Visa, Mastercard and American Express.

  • Reuters 3 hours ago

    India's Modi stuns opposition with huge election win

    NEW DELHI/AYODHYA, May 23 (Reuters) - Indian Prime Minister Narendra Modi scored a dramatic election victory on Thursday, putting his Hindu nationalist party on course to increase its majority on a mandate of business-friendly policies and a tough stand on national security.

  • Total System (TSS) Up 1.5% Since Last Earnings Report: Can It Continue?
    Zacks 6 hours ago

    Total System (TSS) Up 1.5% Since Last Earnings Report: Can It Continue?

    Total System (TSS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • The Zacks Analyst Blog Highlights: ServiceNow, Veeva Systems and Square
    Zacks 6 hours ago

    The Zacks Analyst Blog Highlights: ServiceNow, Veeva Systems and Square

    The Zacks Analyst Blog Highlights: ServiceNow, Veeva Systems and Square

  • Why Should You Retain Robert Half (RHI) in Your Portfolio?
    Zacks 8 hours ago

    Why Should You Retain Robert Half (RHI) in Your Portfolio?

    Tight labor markets globally continue to keep strong demand for Robert Half's (RHI) professional staffing services.

  • Tokyo Tailwind Could Spark Next Leg Up For Square Stock
    InvestorPlace 10 hours ago

    Tokyo Tailwind Could Spark Next Leg Up For Square Stock

    If there's one investment I regret missing out on, it's retail-technology outfit Square (NYSE:SQ). During the summer of 2016, SQ stock dropped to single digits. Late last year, the company completed a dramatic turnaround, with shares briefly touching $100. But even at its current price of just under $66, Square has done well for its long-time stakeholders.Source: Via SquarePartially, I blame the cryptocurrency surge for taking my eyes off the ball. The concept surrounding Square stock is so simple yet so incredibly ingenious. Take a small card-swiper, make it compatible with popular smartphones, and presto! You have a platform that enables small-business owners to compete with the alpha dogs of their industries.I've seen firsthand how this diminutive square device has transformed my local business community. In the Amazon (NASDAQ:AMZN) era where anything physical is subject to disruption, Square brought disruption for -- and in favor of -- the little guy. This breathed new life in the broader brick-and-mortar business model, fueling SQ stock gains.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Over 20% Upside Potential That said, the second quarter of this year is not turning out favorably for the company's equity. Since the beginning of April, Square stock is down nearly 14%.Most of that ugliness comes down to Square's disappointing second-quarter earnings report. While the tech firm beat the consensus print for both earnings per share and revenue, management shared profitability and sales guidance that fell short of analysts' estimates. As a result, SQ stock slipped and still looks pensive.The other problem is competition. Major players, such as Mastercard (NYSE:MA) and Visa (NYSE:V), have seen their revenues disrupted by third party payment processors like Square, Stripe and other fintech entrants. They have the resources, though, to return the favor, casting a cloud on Square stock. SQ Stock Sitting on a Japanese GoldmineNow, I'm not going to guess the nearer-term price swings. Clearly, the bullishness in SQ stock got a little out of hand last year. The latest earnings report brought the speculative fever back down to earth. Ultimately, I think this is a good thing for patient investors seeking an ideal time to jump aboard.That's because Square stock has viable opportunities both here and abroad. In the U.S., small businesses are the engine of the economy. They've also contributed the most nominally to the recent employment surge. Arming them with the tools to succeed is always a net positive.But one of the international markets I'm most excited for regarding SQ stock is Japan. Historically, Japan was a cash-based society, and even to this day, this dynamic remains. It's one of the country's strange contradictions: a tech leader that still transacts in paper.In order to juice-up its economy, the Japanese government is desperately urging its citizenry to adopt card and digital payments. Initiatives are working, albeit very slowly. In fact, taxi drivers in Japan have only recently started to accept credit cards, but most still prefer cash.Since Square stock is an indirect investment into the cashless trend, Japan initially appears a headwind. But here's the thing: Japan is getting older rapidly, so old habits are likely to fade. Furthermore, the Japanese are very well-traveled, and are eager to adopt certain western conveniences.As the next generation of Japanese entrepreneurs and small-business owners step in, they'll serve the next generation of consumers. Very likely, these younger customers and clients will prefer cashless payments. With Square already levering a relatively significant presence in Japan, it's in prime position to profit.That alone could send SQ stock soaring. Buy the Discount in Square StockAdmittedly, my thesis will take some time to filter through to the SQ stock price. But it's also an underreported concept that deserves more attention.Although we typically consider Japan a tech giant, the country is also happy living a contradiction. As more or less a conservative society, change might be slow. Eventually, though, I think it will occur. When it does, it will hit like a tsunami.For one thing, Japan is the world's third-largest economy, and it's not going to give up that slot easily. Of course, it has a penchant for all things high tech. Finally, the Japanese have adopted cryptocurrency at a much quicker rate than many other nations, suggesting a willingness to try new things.When Japan does go cashless, it will catch many companies by surprise. Not Square, which knows full well what's up. Therefore, you should consider getting ahead of this hidden trend, not behind it.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post Tokyo Tailwind Could Spark Next Leg Up For Square Stock appeared first on InvestorPlace.

  • NYC Subway’s New Way to Pay Prompts Banks to Update Cards
    Bloomberg 21 hours ago

    NYC Subway’s New Way to Pay Prompts Banks to Update Cards

    More than 20 years after the initial switch to MetroCards from tokens, the Metropolitan Transportation Authority is unveiling the ability to use tap-to-pay credit and debit cards for subway and bus fares. Visa Inc. says 80 of the top 100 U.S. retailers now accept the cards, with companies including Target Corp. and CVS Health Corp. adding the technology in recent months. “Mass transit is a really terrific use case for tap and pay -- people commute 10 times a week,” Visa Chief Executive Officer Al Kelly said in a Bloomberg Television interview.

  • Undervalued Stocks With An Edge Make This William Blair Portfolio One Of The Best Mutual Funds
    Investor's Business Daily 22 hours ago

    Undervalued Stocks With An Edge Make This William Blair Portfolio One Of The Best Mutual Funds

    James Golan and David Ricci have whipped William Blair Large Cap Growth Fund (LCGFX) into one of the best mutual funds by seeking thoroughbred stocks.

  • 3 Tech Stocks for Growth Investors to Buy Right Now
    Zacks 23 hours ago

    3 Tech Stocks for Growth Investors to Buy Right Now

    Now it's time to check out three tech stocks that came through our screen today that growth investors might want to consider buying right now.

  • Will MoneyGram's (MGI) International Digital Expansion Help?
    Zacks 23 hours ago

    Will MoneyGram's (MGI) International Digital Expansion Help?

    MoneyGram (MGI) launches digital payment service in Chile and Canada

  • PayPal Management Talks Venmo and eBay
    Motley Fool yesterday

    PayPal Management Talks Venmo and eBay

    These two takeaways from PayPal's most recent earnings call highlight the company's strong execution.

  • Benzinga yesterday

    Square Confirms Invite-Only Beta Program For CBD Industry

    Payment processing service Square Inc (NYSE: SQ) confirmed Wednesday that it is in the midst of a pilot program that allows select hemp-derived CBD products on its platform. The same statement was provided to other outlets, including to Marijuana Moment's Tom Angell, who first broke the news on Forbes. If the beta program eventually grows, it could serve as an access point for CBD companies seeking a financial service to use in the United States.

  • Should Franklin LibertyQ U.S. Equity ETF (FLQL) Be on Your Investing Radar?
    Zacks yesterday

    Should Franklin LibertyQ U.S. Equity ETF (FLQL) Be on Your Investing Radar?

    Style Box ETF report for FLQL

  • Visa and Mastercard are looking to public transit in their quest for world domination
    Quartz yesterday

    Visa and Mastercard are looking to public transit in their quest for world domination

    The slippery slope into cashlessness?

  • The Zacks Analyst Blog Highlights: Global Payments, WEX, FleetCor Technologies and  Cardtronics
    Zacks yesterday

    The Zacks Analyst Blog Highlights: Global Payments, WEX, FleetCor Technologies and Cardtronics

    The Zacks Analyst Blog Highlights: Global Payments, WEX, FleetCor Technologies and Cardtronics

  • Broadridge (BR) to Acquire RPM Technologies for $300 Million
    Zacks yesterday

    Broadridge (BR) to Acquire RPM Technologies for $300 Million

    The acquisition is expected to complement Broadridge's (BR) Global Technology and Operations segment.

  • Is Square (SQ) Outperforming Other Computer and Technology Stocks This Year?
    Zacks yesterday

    Is Square (SQ) Outperforming Other Computer and Technology Stocks This Year?

    Is (SQ) Outperforming Other Computer and Technology Stocks This Year?

  • 4 Reasons to Buy Uber Stock on Weakness
    InvestorPlace yesterday

    4 Reasons to Buy Uber Stock on Weakness

    Earlier this month, I wrote a bullish article on Uber (NYSE:UBER) stock. My thesis was simple. The Uber IPO was a dud because of short-term timing issues.Source: Shutterstock Those timing issues won't hang around forever. Once they pass - and they will pass quickly - investors will shift their focus to the long-term growth outlook of Uber. That long-term growth outlook is quite robust. As a result, once the Street begins focusing on the company's fundamentals, Uber stock will become a winner. * 7 Safe Stocks to Buy for Anxious Investors That has already happened. Uber stock dropped 20% below the Uber IPO price just a few days after the IPO. But, over the past ten days, Uber stock has rallied back to levels not far below the Uber IPO price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUber stock has rallied as timing issues faded and investors became more interested in growth stocks again.For several reasons, the strength of Uber stock will continue. Those reasons are outlined below. The Growth Trade Is BackFrom a macro perspective, growth stocks are back in favor, and that will help Uber stock price head higher.The Uber IPO occurred at a bad time. Investors were shying away from growth stocks amid rising international trade tensions. Their concern was that new tariffs, if in place for a long time, would simultaneously slow U.S. economic growth and raise prices and inflation. Higher prices would force the Fed to come off the sidelines and hike rates. In a slowing economy with rising rates, growth stocks don't do well.But the market has quickly moved past those issues. Concerns about trade were overstated, as many of the tariffs imposed by President Trump have grace periods and delays, implying that both sides still want to get a deal done soon. Meanwhile, the U.S. economy really isn't slowing by much, as first-quarter sales and earnings have been way stronger than expected. Additionally, inflation remains muted, so the Fed will stay on the sidelines.In other words, we are still in the midst of a strong economy with muted inflation. That environment is a dream combination for growth stocks. As a result, growth stocks will remain in favor, and that will help Uber stock price. Employees Won't Sell Uber StockAn important determinant of the performance of stocks that have recently gone public is insider sentiment. Specifically, skeptics often think that insiders use IPOs to unload shares to public investors, so that the insiders can sell their shares at favorable prices. Insider selling, in turn, pressures stocks, ultimately causing them to head lower.That may have happened to Uber stock during its first few days of trading. It's tough to tell. But the important thing is that the phenomenon probably won't last much longer.According to a survey by Blind, nearly 80% of Uber's employees believe that Uber stock is undervalued, while only 8% think it is overvalued. Employees own a great deal of Uber stock. There are lock-up periods and other restrictions which will prevent them from selling some of their shares anytime soon. But the fact that only 8% of employees think Uber stock is overvalued implies that, at these levels, there won't be much insider selling pressure.Without that insider selling pressure, buyers should remain in control of Uber stock price. Profitability Concerns Are OverstatedThe biggest knock against Uber stock is the amount of red on the company's income statement. The company generates billions of dollars in net losses every year, and its cash burn rate hasn't really improved all that much. Plus, it's facing big-time competition in the ride-sharing market, and that competition ultimately caps how high Uber's margins can go.But these profitability concerns are overstated.Here's a long list of stocks from the past few years which were all unprofitable at the time of their IPOs: Shopify (NYSE:SHOP), Square (NYSE:SQ), Roku (NASDAQ:ROKU), MongoDB (NASDAQ:MDB), and Okta (NASDAQ:OKTA). All of those stocks are up by tremendous amounts since their IPOs, mostly because their margins have risen as their businesses have grown, and, as a result, they are either already producing or are on the verge of producing sizable profits.Uber will be no different. Its gross margins are positive and climbing. Its operating-spending rate is falling and will continue to drop as its business grows. Thus, as Uber's gross margin rate rises and its operating-spending rate falls, it's only a matter of time before Uber becomes profitable. Uber's Long-Term Growth Opportunity Is TremendousThe biggest reason to buy and hold Uber stock for the long run is that this company is just scratching the surface of its global-growth potential.Uber is the global ride-sharing king. But ride-sharing currently accounts for only a few percentage points of global vehicle-based transportation. Current trends imply that ride-sharing should eventually become at least 20%- 30% of the global vehicle-based transportation market. A few of those current trends are as follows: * The coordinated economy. Read more about it here. * There are simply too many cars on the road. Population growth and urbanization will only aggravate traffic headaches. Lowering the volume of cars on the road through ride-sharing services simply makes sense, and will make transportation more convenient. * Ride-sharing can expand into new vertical markets, including transportation of goods and food. * The goods and food transportation verticals are primed for tremendous growth, thanks to the increased popularity of ordering food and clothes from home.All in all, the ride-sharing economy should grow by leaps and bounds over the next several years. Uber is the leader of multiple vertical markets within the global ride-sharing economy. As long as the company maintains this leadership position (and it should because of its unparalleled liquidity network effects), then Uber should continue to grow rapidly over the longer term, boosting Uber stock price in the process. The Bottom Line on Uber StockThe Uber IPO was a dud because of macro economic worries. Those concerns have faded. Now Uber stock is in the early stages of a long-term uptrend. If you bought the dip of Uber stock, hold onto it. If you didn't buy the dip previously, look to purchase the shares on any further weakness. This stock will be a long-term winner.As of this writing, Luke Lango was long UBER, SHOP, SQ, ROKU, MDB, and OKTA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post 4 Reasons to Buy Uber Stock on Weakness appeared first on InvestorPlace.

  • MarketWatch yesterday

    Green Dot enters $100 million accelerated stock buyback program with Bank of America

    Green Dot Corp. said Wednesday it has entered a $100 million accelerated share buyback program with Bank of America Merrill Lynch . The bank, which targets low-income customers with a range of retail banking services, said it will receive an initial delivery of about 1.7 million shares. The final number will be based on its volume-weighted average stock price during the transaction, which is expected to be completed in 2019. Shares were up 2% in premarket trade, but have fallen 40% in 2019, while the S&P 500 has gained 14%.

  • MarketWatch yesterday

    Chase tap-to-pay card by Visa can soon be used to ride New York City subways and buses

    J.P. Morgan Chase & Co. and Visa Inc. said Wednesday that Chase customers can soon use their Visa contactless cards to ride subways and buses in New York City. The use of the tap-to-pay cards will start May 31 for the 4, 5 and 6 subway lines between the Grand Central-42nd Street station in Manhattan to Brooklyn's Atlantic Ave.-Barclays Center station, and on all Staten Island buses. "Over time," all subway lines and buses will accept the contactless cards, the companies said. "Contactless payments have shaped the way consumers pay all over the world, saving valuable time and delivering a fast, easy and secure way to pay," said Dan Sanford, Visa's global head of contactless payments. J.P. Morgan Chase's stock slipped 0.4% in premarket trade and Visa shares edged up 0.2%, while futures for the Dow Jones Industrial Average declined 95 points, or 0.4%.

  • If Shopify Stock Is Ever Going to Stop, It’s Hard to See When
    InvestorPlace yesterday

    If Shopify Stock Is Ever Going to Stop, It’s Hard to See When

    My skepticism toward Shopify (NYSE:SHOP) looks absolutely foolish at this point. Shopify stock has been one of the most torrid stocks of 2019 and only continues to climb. SHOP stock has pulled back in recent sessions, but still has gained 93% so far this year.Source: Shopify via FlickrLike a lot of investors, I like the Shopify business; in fact, I recommended the stock several times last year. Of late, however, I've pointed to valuation, arguing most recently in April that SHOP stock, at $206, was due for a big fall.That call was wrong. Shopify stock has risen another 30% in the seven weeks since then. But I haven't been alone in seeing the stock as overvalued. On this site, Dana Blankenhorn called SHOP a bubble in March, and repeated that sentiment last week. Luke Lango called it one of the market's best growth stocks - and still argued the price was too high.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWall Street has expressed similar caution. Three different analysts downgraded Shopify stock last week. Even Barron's has noted that it and some of those analysts had heard from disgruntled readers after negative coverage of the stock.Seemingly everyone sees SHOP as a stock that has run too far, too fast. But as traders know, that alone might suggest more upside is ahead. It's not until the entire market sees a stock's upside as inevitable that the stock usually turns.Yet at the same time SHOP stock trades at seemingly unsustainable valuations. If sentiment suggests more upside, what about the fundamentals? * 7 Stocks to Buy for Over 20% Upside Potential SHOP Stock and the FutureOne way to consider the current valuation of SHOP stock is to understand what type of future the market is pricing in. Investors should discount Shopify stock by at least 10% a year, to account for its risk and volatility.At the moment, SHOP has an enterprise value (market cap less its ~$2 billion in cash) of $27.6 billion. That means investors believe the company should be worth about $44 billion Five years from now - and $71 billion in a decade.Looking solely at revenue, that seems at least potentially doable. Revenue is expected to be about $2 billion next year. The current growth profile suggests a path to a double, at least, over the next four years. Is, say 9x 2024 revenue of $4.8 billion unreasonable? Or 7x 2029 sales of $10 billion?Those revenue levels might seem unreasonable, but the $10 billion target only suggests an average growth rate of 20% from 2020 on. With opportunities for international growth, and potentially new offerings (think CRM software or marketing capabilities) that growth rate is not impossible.Nor are the revenue multiples untenable. Bear in mind that the margins on incremental revenue should be enormous. If Shopify can add $8 billion in revenue, there's no reason why it can't grow profit by $2 or even $3 billion. At a 25% tax rate, net income even at the low end of that range gets to $1.6 billion or so. Here, too, is a 45x P/E multiple that unreasonable assuming Shopify still has years of growth ahead from that point? Investors Modeling Shopify StockTo be clear, I'm not making the case for that model. Analysts aren't, either. Even before the downgrades of late, SHOP stock had outrun average Wall Street targets.But the point is that some investors might. And as long as there's a case on paper for Shopify stock, there's going to be room for upside. This is a hugely attractive business model. The addressable market is only going to expand as Shopify expands internationally and drives more revenue for medium- and large-sized businesses.Shopify could choose to challenge Salesforce.com (NYSE:CRM) in CRM software. It might be able to drive advertising revenue from customer websites (something akin to what Amazon.com (NASDAQ:AMZN) and Walmart (NYSE:WMT) are doing at the moment).Again, none of this is to say Shopify will do these things. But it's posting enormous growth, has a massive market, and is accumulating ever-more valuable customer data. And while at 14x next year's revenue and about close to 300x next year's earnings the current multiples look extreme, there's a path on paper for SHOP stock to grow into its current valuation.In a bull market, that can be enough. It's not like Square (NYSE:SQ), a potential rival, is cheap. CRM stock itself has seemed "overvalued" for years and keeps moving higher. This can work, at least in theory. Combine that with the negative sentiment, the so-called "wall of worry," and SHOP can continue to climb. How High?For what it's worth, I personally don't see any of this happening. I still believe investors are ignoring two key risks to SHOP stock. The first, as I wrote last year, is that the company retains significant exposure to small businesses that are usually the first victims of any economic downturn.The second, related, risk was highlighted by Morgan Stanley (NYSE:MS) in its downgrade last week. Over half of Shopify revenue is transaction-based. That, too, implies some exposure to economic cycles.The combination means that Shopify doesn't quite have the SaaS (software-as-a-service) model that is priced in at the moment. It's not going to drive the same amount of sticky, recurring revenue that is creating such optimism for SaaS plays. As a result, it shouldn't have the straight-line growth of a company like Salesforce.com (whose revenue growth has been almost spooky in its consistency).If that's the case, SHOP shouldn't be receiving a premium to pretty much every other SaaS stock. It should be receiving a discount. But, right now, many investors clearly disagree. And history shows they can disagree for quite a long time.In the meantime, SHOP can keep climbing the wall of worry. It's not impossible to project SHOP being a $100 billion business a decade or so from now. That in turn suggests that Shopify stock, today, should be worth around $360.I'm not saying SHOP will get there. I don't believe it should get there. But between the optimism in the chart and the pessimism everywhere else, I certainly wouldn't bet my money against it.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Over 20% Upside Potential * 5 Large-Cap Stocks Holding Steady Amid Trade War Concerns * 7 ETFs for Healthy Healthcare REITs Compare Brokers The post If Shopify Stock Is Ever Going to Stop, It's Hard to See When appeared first on InvestorPlace.

  • The Points Guy on rising resort fees, best travel credit cards
    Yahoo Finance Video yesterday

    The Points Guy on rising resort fees, best travel credit cards

    Popular booking sites like Booking.com are reportedly moving to charge commissions on top of resort fees, making overall stays more expensive for the average consumer. Yahoo Finance's Zack Guzman & Sibile Marcellus, along with Digiday Platform Reporter Kerry Flynn discuss with The Points Guy Brian Kelly.