Dow Jones digital payments giant Visa (VISA) hit a new high Friday, bring its year-to-date return to 12.5%. Across the Atlantic, European carmaker Stellantis (STLA) flirted with a buy point after also hitting a high.
XVisa rallied to a new high and is in the 5% buy zone that tops out at 241.61. It broke out of a cup base Friday, hit the 230.10 buy point and traded to a 52-week high.
The cup formed after the megacap reported better-than-expected December-ended quarter earnings and sales in January.
Visa posted 20% EPS growth, better than the prior quarter but below the torrid 30%+ rate in the first half of 2022. Sales growth dipped to 12% after 19% for two quarters.
Analysts expect 13% EPS growth in 2023 and 14% in 2024.
European Automaker Hits New High, Buy Point
Formerly known as Fiat Chrysler, Stellantis (STLA) hit a new high Friday, tapping the 18.96 buy point of a cup-with-handle base. STLA stock also hit a 52-week high.
The Netherlands-based auto manufacturer makes upscale brands including Maserati, Alfa Romeo, Fiat, Jeep and Dodge. Stifel analysts expect higher new car shipments to drive 10% revenue growth for the first quarter.
The stock rose after the decarbonization Freedom of Mobility Forum Tuesday, and got a boost Wednesday, as the Biden Administration proposed tougher emissions regulation and a push toward electrification.
Stellantis has a goal for 100% of European sales and 50% U.S. to be electric vehicles by the end of this decade.
Finally, O'Reilly Automotive (ORLY) hit a new high and is in the buy zone stretching to 917.74. AutoZone (AZO) sits in the buy zone as well, reaching to 2,736.01.
Follow Kimberley Koenig for more stock news on Twitter @IBD_KKoenig.
YOU MAY ALSO LIKE:
Get Free IBD Newsletters: Market Prep | Tech Report | How To Invest
What Is CAN SLIM? If You Want To Find Winning Stocks, Better Know It
IBD Live: Learn And Analyze Growth Stocks With The Pros
Looking For The Next Big Stock Market Winners? Start With These 3 Steps
Want More IBD Insights? Subscribe To Our Investing Podcast
"payment" - Google News
April 15, 2023 at 12:13AM
https://ift.tt/LpvMDWJ
Digital Payments Giant Visa In Buy Zone After Hitting New High | Investor's Business Daily - Investor's Business Daily
"payment" - Google News
https://ift.tt/uCFo9YE
https://ift.tt/TB1CVEH
Bagikan Berita Ini
0 Response to "Digital Payments Giant Visa In Buy Zone After Hitting New High | Investor's Business Daily - Investor's Business Daily"
Post a Comment